Daily Management Review

Facebook fined half a million pounds in Britain


10/25/2018


The British Information Commissioner (ICO) imposed on Facebook Inc., which owns the eponymous social network, a fine of £ 500 thousand (about $ 644 thousand) for cooperation with the British company Cambridge Analytica, which led to the leakage of personal data, reports CNBC.



Spencer E Holtaway
Spencer E Holtaway
According to British law, this is the maximum possible amount of the fine. Due to the statute of limitation, the General Regulations on the protection of personal data of the EU cannot be applied to Facebook: according to it, the company would face a fine of up to 4% of annual turnover, which is $ 1.9 billion.

The British regulator decided to fine Facebook on the results of an investigation into the use of personal data of social network users for political purposes. From the position of the department, the administration of Facebook could not ensure the proper security of information about its customers, and also conducted non-transparent activities regarding transfer of this information to third parties.

The investigation showed that from 2007 to 2014, Facebook dishonestly processed the personal data of users, passing them to the developers of mobile applications, and not to worry about getting “sufficiently clear informed consent” of those whose data they collected, according to the regulator's decision.

In particular, applications in the social network from Cambridge Analytica illegally collected personal data of more than 87 million users.

The unauthorized access to personal user data was not stopped until 2018. Thus, Facebook is guilty of not intervening in time and protecting user data.

As the Euronews portal estimates, the company will spend only 0.0016% of its income over the past year to pay the fine for cooperation with Cambridge Analytica.

source: cnbc.com






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