United States  

“News neutrality by unbiased coverage”
One News Page
> >

Facebook Hit With a Colossal New Fine - And Yes, It’s to Do With Privacy

One News Page Staff Tuesday, 30 October 2018
Facebook Hit With a Colossal New Fine - And Yes, It’s to Do With Privacyby 👩‍💻 Alice Monroe

Whether or not you use Facebook, it’s been hard to avoid any headlines regarding Mark Zuckerberg’s leading social network this year. The brand has been at the center of media storms regarding user data being shared to third parties, and Mark Zuckerberg’s role as dual chairman and CEO of the company has fallen under intense shareholder and comptroller scrutiny in recent months. Despite the bad press, the network still courts over 2 billion active users each month – that’s an enormous slice of the world’s population. However, they’ve had to make some necessary changes in recent times, particularly with regard to the way that they allow users to take control of their own data and privacy.

GDPR – a data protection requirement levied by the European Union earlier this year – rolled out to impact all businesses who capture and use private data of those who use certain services online. You will likely have seen new cookie pop-ups and may have received a swathe of emails in recent times to remind you of site privacy policies – but it seems that Facebook, in the eyes of the UK Information Commissioner’s Office, simply hasn’t done enough to safeguard user data prior to GDPR coming into effect. As a result, the brand has been hit with a fine of £500,000 (approx. $645,000) in light of the Cambridge Analytica scandal which broke in early 2018.

Facebook Only Gets Slap on the Wrist for Cambridge Analytica Scandal
Facebook Only Gets Slap on the Wrist for Cambridge Analytica Scandal

Had the issues occurred post-GDPR, Facebook could have faced a maximum fine of €20 million (approx. $23 million), or 4% of their annual global turnover. Based on 2017’s statistics, this means Zuckerberg may have been faced with a bill of up to $1.6 billion. Therefore, the platform seems to have made a lucky escape as far as financial levies are concerned, but they’re not out of the woods in terms of damage done.

Elizabeth Denham, the UK’s information commissioner, was keen to profess that Facebook failed to protect its users throughout what she refers to as ‘unlawful processing’ of data involved. “A company of its size and expertise should have known better and it should have done better,” she stated. “We considered these contraventions to be so serious we imposed the maximum penalty under the previous legislation.”

“Our work is continuing. There are still bigger questions to be asked and broader conversations to be had about how technology and democracy interact and whether the legal, ethical and regulatory frameworks we have in place are adequate to protect the principles on which our society is based.”

As for Zuckerberg and co – it’s likely they’re keen to put 2018 behind them – as a year of public scandal continues to dwindle to a close.

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Facebook Could See More Volatility -- How to Own the Stock [Video]Facebook Could See More Volatility -- How to Own the Stock 01:38

Facebook Inc. could be a good longer-term hold, but an investor should have a strong stomach throughout his or her holding period. "If you stay long Facebook -- not necessarily a bad company or..

Credit: The Street - Published

wAFF LIVE techno DJ Set at Sunday School Pool Party in Miami [Video]wAFF LIVE techno DJ Set at Sunday School Pool Party in Miami 48:40

Subscribe to DJ Mag TV: http://bit.ly/Oduqwo Over the last two years wAFF has become one of the most engaging artists on the international circuit joining the ever popular and influential Hot..

Credit: DJ Mag - Published

Wilkinson LIVE from Space Ibiza New York [Video]Wilkinson LIVE from Space Ibiza New York 21:08

Subscribe to DJ Mag TV: http://bit.ly/Oduqwo Hailing from the leafy suburbs of South West London is Ram Records’ Wilkinson. His first insight into making music came aged of 9 when his parents..

Credit: DJ Mag - Published

Mar-T & German Brigante LIVE From DJ Mag HQ (Amneisa Takeover) [Video]Mar-T & German Brigante LIVE From DJ Mag HQ (Amneisa Takeover) 44:46

Subscribe to DJ Mag TV: http://bit.ly/Oduqwo Mar-T is a DJ and producer. Resident of Amnesia Ibiza since 1999. One of the last real djs of Ibiza. He is also the Owner of Wow! Recordings. Mar-T..

Credit: DJ Mag - Published

Arsenal 1 WBA 0 | Player Ratings, Who Got MOTM?? [Video]Arsenal 1 WBA 0 | Player Ratings, Who Got MOTM?? 07:32

Arsenal 1 WBA 0 | Player Ratings, Who Got MOTM?? Info on artist: https://www.facebook.com/Anthony-Ikunna-Fine-Art-680759962103791/ SUBSCRIBE HERE: https://goo.gl/Zq9NcA For Business Enquiries:..

Credit: ArsenalFanTV - Published

ModaLisboa Spring/Summer 2019 - Aleksandar Protic | FashionTV | FTV [Video]ModaLisboa Spring/Summer 2019 - Aleksandar Protic | FashionTV | FTV 09:13

LISBON - Aleksandar Protic was born in Belgrade, Serbia. In 1998, he graduates at Applied Arts Academy in Belgrade, department for Fashion Design and Costumes. In the same year enrolls Royal Academy of..

Credit: FashionTV - Published

ModaLisboa Spring/Summer 2019 - Andrew Coimbra | FashionTV | FTV [Video]ModaLisboa Spring/Summer 2019 - Andrew Coimbra | FashionTV | FTV 06:33

LISBON - Andrew Coimbra began his career in Fashion Design by studying Material Art & Design at the Ontario College of Art & Design University, before moving onto The School of Fashion Studies at..

Credit: FashionTV - Published

Russia set to play hardball with big tech firms [Video]Russia set to play hardball with big tech firms 01:47

Russia plans to impose stiffer fines on technology firms that fail to comply with Russian laws, sources familiar with the plans said, raising the stakes in the Kremlin's fight with global tech giants..

Credit: Reuters Studio - Published


Recent related news from verified sources

Why AOL was just hit with a record fine over privacy concerns

AOL will pay New York a nearly $5 million fine after the state accused the online company of selling ads that targeted children.
USATODAY.com - Front Page

Facebook collections are now shareable and collaborative

Facebook is rolling out a brand new sharing feature just in time for the holidays. In a blog post on Tuesday, Facebook announced a brand new feature that...
Mashable - InternetAlso reported by •PRWeb

Microsoft says the iPad is fine for six year olds, but Surface Go is a 'real computer'

The iPad remains by far and away the most popular tablet, with Apple securing 34.9 percent market share this year, up from 29.9 percent in 2017. The iPad is one...
betanews - TechnologyAlso reported by •TechCrunch

Florida casino's giant guitar is not a hit with everyone

HOLLYWOOD, Fla. (AP) — A guitar-shaped hotel tower rising in the south Florida sky isn't a hit with everyone. The tower is part of an overhaul of the Seminole...
SeattlePI.com - LifestyleAlso reported by •PRWeb

Tweets about this


Other recent news in Internet

NFL fans are losing it after the Dolphins beat the PATRIOTS with a wild trick playFake 'SNL' TV show from the 'Empire' team asks: What if DONALD TRUMP was black?
Twitter's Jack Dorsey gets roasted for his ignorant tweets about MYANMAR'Saturday Night Live' COLD OPEN checks in on the Trump kids and Robert Mueller
•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest