Facebook Slapped With UK Fine for Cambridge Analytica Scandal

                          Facebook is staring down its first fine for allowing Cambridge Analytica to improperly access data about millions of people, potentially opening the door for governments around the world to slap the social media giant with other tougher penalties and stricter regulation

If  you calculate Facebook’s estimated revenue for a period of just 7 minutes, it’ll turn out to be around $665,000. When you compare it to the fine imposed by the U.K. Information Commissioner for Facebook data leak of as many as 87 million users, you won’t notice much difference.

However, as per the rules, the UK watchdog has imposed the “maximum penalty allowed.” If you look at the brighter side, it surely confirms the wrongdoings on the part of the social networking website.

The British findings highlight that the fallout from Facebook's Cambridge Analytica scandal is only beginning. The UK's early efforts could inform ongoing investigations elsewhere in Europe as well as the United States, where a probe by the Federal Trade Commission could result in a penalty well into the hundreds of billions of dollars.


 The FBI and the Securities and Exchange Commission are also looking into Facebook's ties to Cambridge Analytica.The British findings highlight that the fallout from Facebook's Cambridge Analytica scandal is only beginning. 


The UK's early efforts could inform ongoing investigations elsewhere in Europe as well as the United States, where a probe by the Federal Trade Commission could result in a penalty well into the hundreds of billions of dollars. The FBI and the Securities and Exchange Commission are also looking into Facebook's ties to Cambridge Analytica.

Apart from Facebook, the probe is also covering more companies and there are plans to send warning letters to 11 political parties. The watchdog believes that the Cambridge Analytica’s affiliate companies may still retain some data, and steps need to be taken to ensure a complete cleanup.

Also Read: Adidas Data Breach Exposed Information of a ‘Few Million’ Customers