#GlobalNews: “Facebook to be fined $871,000 after letting Cambridge Analytica mine customers’ knowledge – National ” #Toronto #Montreal #Calgary #Ottawa #Canada
Facebook is going through its first monetary penalty for permitting the data-mining agency Cambridge Analytica to forage by way of the private knowledge of hundreds of thousands of unknowing Facebook customers.
A U.Okay. authorities workplace introduced its intention to high-quality Facebook 500,000 kilos (C$871,325), the utmost potential, for failing to safeguard that person info.
Coverage of Facebook and Cambridge Analytica on Globalnews.ca:
The penalty is a pittance for Facebook.
But it will characterize the primary tangible punishment for the corporate’s privateness scandal, which tarnished its popularity, briefly pushed down its shares and compelled CEO Mark Zuckerberg to testify earlier than Congress, however in any other case had few lasting repercussions.
READ MORE: Facebook to begin telling customers if their knowledge was shared with Cambridge Analytica
Cambridge Analytica, a London agency financed by rich Republican Party donors, labored for the 2016 Trump marketing campaign and for some time employed Steve Bannon, who managed President Donald Trump’s marketing campaign and later turned a White House adviser.
Note: “Previously Published on: 2018-07-11 01:32:41, as ‘Facebook to be fined $871,000 after letting Cambridge Analytica mine customers’ knowledge – National