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Facebook gets a weak slap on the wrist from UK Data Watchdog for Cambridge Analytica scandal

AlTech
By AlTech
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Facebook is being fined the maximum amount they could legally be fined for compromising data before the GDPR went into affect with the whole Cambridge Analytica scandal.

 

The extraordinary fine is a whopping five hundred thousand pounds sterling.

If you couldn't detect my sarcasm then now you know it's just a slap on the wrist for Facebook.

Under GDPR rules, if Facebook had done it now they would have been fined £17 Million.

 

£500,000 is nothing to Facebook.

They've gotten off wayyyyyyy too easy. I'd even argue that GDPR fines don't go far enough for large businesses.

They really should have been fined closer to £170 Million imho.

 

Quote

The UK’s data watchdog has levied the maximum possible fine against Facebook for its failure to protect user’s personal information in the Cambridge Analytica scandal.

The fine is just £500,000 ($644,000), a small fee for a company that posted $13.2 billion in revenue in the last quarter alone. But the figure was calculated using the UK’s outdated 1998 Data Protection Act, and regulators say it would have been “significantly higher” under the EU’s new GDPR regulations, which came into force in the UK in May.

 

Quote

We considered these contraventions to be so serious we imposed the maximum penalty under the previous legislation,” said Elizabeth Denham, head of the Information Commissioner’s Office (ICO). “The fine would inevitably have been significantly higher under the GDPR.”

The ICO’s plans to levy the maximum possible fine were first reported in July, but the fee is now official. Under GDPR, the maximum fine would have been £17 million ($22 million) or 4 percent of Facebook’s global turnover.

In a press statement, the ICO said Facebook failed to make “suitable checks on apps and developers using its platform” and keep users’ personal data safe. This meant that developer Aleksandr Kogan and his company GSR was able to harvest “the Facebook data of up to 87 million people worldwide, without their knowledge.”

 

Definitely a very dissapointing outcome and here's to companies getting fined much higher fines in the future.

 

Source: https://www.theverge.com/2018/10/25/18021900/facebook-cambridge-analytica-scandal-uk-data-watchdog-ico-fines-maximum-amount

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Try fining them 17 billion dollars. Then use the money to pay off student loan debt

▓ƆԀ▓ S▓₱▓Ɇ▓c▓s▓: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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Posted
5 minutes ago, BuckGup said:

Try fining them 17 billion dollars. Then use the money to pay off student loan debt

Not a bad idea. 

 

It'd be like taking drunk driving fines and putting it into prevention programs.

 

I would have nailed them before and after the onset of GDPR. 

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Posted

Why do the Watcdogs, EU and other authorities have to be pussies and won't fine them billions?

17 million is a pocket change for FB, it's like 0.17 pennies for them and Marky Suckonaberg must be laughing himself so hard, he almost had a heartattack.

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Posted

For 17 million, it's almost worth violating it, because they'll be turning billions for these 17 millions... Collateral expenses so to speak.

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1 hour ago, RejZoR said:

For 17 million, it's almost worth violating it, because they'll be turning billions for these 17 millions... Collateral expenses so to speak.

 

1 hour ago, CTR640 said:

Why do the Watcdogs, EU and other authorities have to be pussies and won't fine them billions?

17 million is a pocket change for FB, it's like 0.17 pennies for them and Marky Suckonaberg must be laughing himself so hard, he almost had a heartattack.

The sad thing is they only got fined £500,000 which everybody in this thread seemed to miss.

Judge a product on its own merits AND the company that made it.

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3 hours ago, AluminiumTech said:

 

The sad thing is they only got fined £500,000 which everybody in this thread seemed to miss.

No, I didn't miss that. I read it carefully. That's why I said 17 million instead of 500k because 500k is beyond silly.

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