The UK Information Commissioner’s Office is planning to fine Facebook the maximum penalty allowed for breaching privacy rules over the failure to protect user data from data harvesters such as Cambridge Analytica.
The fine is only GBP500,000 (about AU$1m), but under the stricter European GDPR privacy rules that came into force in May, any future breaches of EU users’ privacy could see the company fined 4% of its turnover.
For Facebook, this would be more than $1 billion… no longer small change.
Image: TheDigitalArtist / Pixabay CC0
This story is taken from the 13 July 2018 edition of The Warren Centre’s Prototype newsletter. Sign up for the Prototype here.