UK #data watchdog fines #facebook maximum legal amount for Cambridge Analytica scandal
October 25, 2018 | Uncategorized
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 But the figure was calculated using the UK’s outdated 1998 Data Protection Act, and regulators say it would have been “significantly higher” under the EU’s new GDPR regulations, which came into force in the UK in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.
“We considered these contraventions to be so serious we imposed the maximum penalty under the previous legislation,” said Elizabeth Denham, head…
