Facebook to pay $100m fine over Cambridge Analytica’s misuse of users’ data
Meanwhile, Facebook has also agreed to pay a record $5bn penalty to resolve a related case brought by the Federal Trade Commission
24 July 2019 - 16:08
Washington/New York — Facebook will pay $100m to resolve US Securities and Exchange Commission (SEC) claims that the social networking giant misled investors about the misuse of account holders’ data, adding to the litany of fines against the firm over privacy violations.
Even though Facebook was aware by late 2015 that an outside developer had been misusing information gathered from its customers, the company publicly downplayed any risk of the data being handled in violation of its rules as “merely hypothetical”, the SEC said in a statement on Wednesday...
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