Facebook fined for data breaches in Cambridge Analytica scandal
Facebook is to be fined £500,000, the maximum amount possible, for its part in the Cambridge Analytica scandal, the information commissioner has announced.
But talk about good timing.
In the first quarter of 2018, Facebook took £500,000 in revenue every five and a half minutes. Because of the timing of the breaches, the ICO said it was unable to levy the penalties introduced by the European General Data Protection (GDPR), which caps fines at the higher level of €20m (£17m) or 4% of global turnover – in Facebook’s case, $1.9bn (£1.4bn). The £500,000 cap was set by the Data Protection Act 1998.
Elizabeth Denham, the information commissioner, explains her real goal with this fine is to “effect change and restore trust and confidence in our democratic system.”
“Most of us have some understanding of the behavioural targeting that commercial entities have used for quite some time,” Denham said, “to sell us holidays, to sell us trainers, to be able to target us and follow us around the web.”
“But very few people have an awareness of how they can be micro-targeted, persuaded or nudged in a democratic campaign, in an election or a referendum.
“This is a time when people are sitting up and saying ‘we need a pause here, and we need to be sure we are comfortable with the way personal data is used in our democratic process’.”
I think we’re still some way off that; people just seem not to be bothered.
Facebook’s rise in profits, users shows resilience after scandals
Facebook Inc (FB.O) shares rose on Wednesday after the social network reported a surprisingly strong 63 percent rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of personal data.
But maybe I shouldn’t be so pessimistic.
The digital privacy wins keep coming
Progress can be difficult to measure; it often comes in drips and drops, or not at all for long stretches of time. But in recent weeks, privacy advocates have seen torrential gains, at a rate perhaps not matched since Edward Snowden revealed how the National Security Agency spied on millions of US citizens in 2013. A confluence of factors—generational, judicial, societal—have created momentum where previously there was none. The trick now is to sustain it.