Facebook sharing our data with Chinese companies for the year
Social media giant Facebook is making agreements with four Chinese companies, a number of deals dating back as far as eight years.
Facebook is facing a fine of more than $650,000 in great Britain after the country of the information regulator said on Wednesday the company failed to protect millions of users ‘ data.
The social media giant is under pressure from governments in Europe and the USA. since the Cambridge Analytica scandal, showing that the consultation of the company in order to gain access to the personal data of 87 million Facebook users of a scientific researcher.
The uk Information Commissioner Elizabeth Denham said that they plan is to fined Facebook 500,000 pounds ($663,850), the maximum permissible amount, Reuters reported. The fine is just a little cash when Facebook allegedly earned nearly 6 billion dollar profit in the first quarter of this year.
Denham claims Facebook broke the law by not being able to protect people, data and the still not open about how the data was harvested from their platform.
“New technologies that make use of data analytics to micro-target people to give campaign groups the opportunity to connect with individual voters. But this may not be at the expense of the transparency, fairness and compliance with the law,” she said in a statement.
“Facebook has failed to provide the required protection under the personal data protection act,” Denham told reporters before the announcement, according to the Politics. The fine, in her eyes, “sends a clear signal that I consider this as a big problem if you look at the impact of the data breach.”
Facebook is able to respond to the commissioner before the penalty is applied. “As we have said before, we should have done more to investigate claims of Cambridge Analytica and the taking of measures in 2015,” Erin Egan, Facebook’s chief privacy officer, said in a statement.
“We have worked closely with the Information Commissioner’s Office in their investigation of the Cambridge-Analytica, just as we have with the authorities in the USA and other countries,” he added.
As part of the Wednesday in the announcement, the watchdog also announced a criminal prosecution against Cambridge Analytica’s parent company, SCL Elections, over allegations that it does not hand over the evidence in connection with the misuse of data probe.
Lukas Mikelionis is a reporter for FoxNews.com. Follow him on Twitter @LukasMikelionis.