Facebook fined for data breaches in Cambridge Analytica scandal [UK]
21 replies, posted
https://www.theguardian.com/technology/2018/jul/11/facebook-fined-for-data-breaches-in-cambridge-analytica-scandal
They're also launching a criminal prosecution of Cambridge Analytica's parent company
"Fines" mean "legal for the rich", and Facebook is as rich as they come.
Facebook will make it back in .2 seconds. UK isn't as corrupt as the US afaik, why are they so reluctant to really hit them? Unless Tories are all about free market no regulation bollocks like Republicans.
If it isnt billions they wont even feel it lmao
500k is nothing to Facebook but it sets a good precedent of them being held legally responsible for their bullshit antics regarding people's personal and sensitive information.
Fuck the fines, put them in prison.
Haha, they will just pay bail and have a suspended sentence, and probably serve the time from their estate
You think they give a shit?
It's funny but I've honestly never thought of it like that. Fines are essentially just paying your way out of going to prison lol
Same, but it's totally true, it's just a way of saying it's fine to do if you can afford it
https://en.wikipedia.org/wiki/Emerdata
I've said it before and I'll repeat it again; Do something about these fuckers instead! Go for the people involved, not the companies. Cambridge Analytica is nothing but a scapegoat at this point - they left the company, filed for insolvency and completely stopped all operation after they moved everything to Emerdata.
Even the goddamn SCL Group closed down, which is what they want to prosecute.
All these companies reside in the same building,
https://www.google.co.uk/maps/search/Cambridge+ANalytica/@51.5167299,-0.1274174,19.25z?hl=en
Including Emerdata;
Its headquarters in London is in the same building as Cambridge Analytica.[6][7][8]
If all they're going to do is say "Oh yes, we've investigated Cambridge Analytica and SCL Group and they were both very very naughty! We have pressed charges against the two companies and they are no more! Perfect, another good job well done!"
Like, everything about them, except for what the companies actually do, is so transparent, it is all over the internet, yet I don't think Emerdata is going to be investigated because "It is a new company and we cannot investigate them unless they've done something bad, which, according to our knowledge, has not happened yet!"
Caught it on the news this morning, Facebook were penalised based on the Data Protection Act 1997 which has a maximum fine of £500k, and not GDPR where they could have been fined 4% of their total GDP. I suspect the reason is because GDPR didn’t exist when they were investigating Facebook.
This point tends to be exaggerated when news about fining companies comes out, but £500k really is nothing to a company like Facebook.
It's the maximum fine the ICO is allowed to levy.
Under GDPR the max fine for Facebook would now be around $1 billion. This happened before GDPR though so it can't be used
Doesnt stop them redoing the case and nailing them on GDPR too but they wont.
I think it probably does, you can't generally prosecute someone under a law that didn't exist at the time
I'm afraid it's putting a price tag on breaking the law, a cheap one at that
Well, duh? It's called the Price of Doing Business for a reason. It may be bad in that regard, but in the future this will be looked on as a.... Mediocre start.
To expand on that, according to this NASDAQ report on Facebook's 2017 annual revenue, £500,000 ($660,000 USD) is equal to 0.0016% of Facebook's 2017 revenue of just over $40bn.
The fact that these fines weren't based off percentages of revenue is fucking ludicrous. It's downright pathetic it took until fucking Current Year 2018 for it to finally change.
I honestly think fines for criminal acts should be based on a percentage of your income or something similar. The current system dis-proportionally affects poor people so much it's an insult to the idea of justice to call it a justice system at times.
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