That's, er, 18 minutes of profit for the social network.
UK DATA WATCHDOG the Information Commissioner's Office (ICO) has slapped Facebook with a £500,000 fine for its part in the Cambridge Analytica scandal.
The fine, the maximum allowed under the Data Protection Act 1998, relates to Facebook's involvement in the Cambridge Analytica data privacy scandal - in which the personal information of 87 million Facebook users was improperly shared with Cambridge Analytica, a digital consultancy with ties to the Trump campaign.
The ICO, which has been investigating Facebook since March, said on Tuesday that the social network had fallen foul of British data protection laws twice by failing to safeguard its users' information and not being transparent about how that data was harvested by others.
"Facebook has failed to provide the kind of protections they are required to under the Data Protection Act," said Elizabeth Denham, the information commissioner. "Fines and prosecutions punish the bad actors, but my real goal is to effect change and restore trust and confidence in our democratic system."
By Carly Page.
Full story at The Inquirer.
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