The U.K.’s Information Commissioner’s Office announced Tuesday that Facebook will be fined £500,000 (roughly $660,000) for its role in the Cambridge Analytica data-collecting scandal.
The ICO is giving Facebook the maximum fine possible for two breaches of the Data Protection Act, saying Facebook did not safeguard user information and was not transparent regarding how data was harvested by others. “Fines and prosecutions punish the bad actors, but my real goal is to effect change and restore trust and confidence in our democratic system,” Information Commissioner Elizabeth Denham said.
Erin Egan, Facebook’s chief privacy officer, said the company “should have done more to investigate claims about Cambridge Analytica and take action in 2015. We have been working closely with the ICO in their investigation of Cambridge Analytica, just as we have with authorities in the U.S. and other countries.”
Source:: The Week – Business