Well! Everyone is possessive about their Personal information. But, If you are a Facebook user then here is another alarming news for you all. Facebook was hit with the maximum possible fine in Britain for allowing the political consulting firm Cambridge Analytica to harvest the information of millions of people without their consent. Yes,500,000 pounds-that’s the maximum fine allowed by the UK’s Data Protection Act 1998,and equals to what Facebook earns every 8 minutes.
The agency has been investigating the potential misuse of personal data by political campaigns since May 2017. The examination took on new urgency after The New York Times and other organizations reported in March that Cambridge Analytica, which was based in London, had improperly gathered the data of up to 87 million Facebook users.Cambridge Analytica, which had ties to President Trump’s campaign, used the information to build psycho-graphic profiles of American voters.
In an initial report of its investigation , the Information Commissioner’s Office said it had concluded that:
“Facebook contravened the law by failing to safeguard people’s information. It also found that the company failed to be transparent about how people’s data was harvested by others.”
According to the social media giant, a Cambridge University lecturer named Aleksandr Kogan collected the users’ data legitimately through a quiz app but then violated its terms by sharing the data with Cambridge Analytica, which was then hired by the Trump presidential campaign.
This is again a big question mark on the facebook user’s data Protection.
In the United States, Facebook faces multiple inquiries by federal agencies. The Justice Department and the F.B.I. each recently broadened their inquiries into Cambridge Analytica by also focusing on Facebook. In addition, the Securities and Exchange Commission has started an investigation into Facebook’s statements on the matter, and the Federal Trade Commission is looking into whether the company violated a privacy agreement with the agency.
Facebook will have a chance to respond to the Information Commissioner Office’s initial report. A full version of the report, thought to be coming on Wednesday, is expected to detail the ways in which data gleaned from social media companies is increasingly being used to target voters by political campaigns.
Facebook did not answer a request for comment, and sent a written statement. In it, Facebook’s chief privacy officer, Erin Egan, said the Silicon Valley company was working with the British agency on its investigation and was reviewing the report.the chairman of the panel conducting the investigation in the House of Commons. “The number of Facebook users affected by this kind of data scraping may be far greater than has currently been acknowledged.”
So, Stay alert Stay Safe .