Facebook fined with £500,000 over Cambridge Analytica data scandal
Facebook has been slammed with a fine of £500,000 ($664,000) in the UK for breaking Data Protection laws. The fine was imposed after UK’s data regulator performed a wide ranging investigation into the Cambridge Analytica scandal and found Facebook guilty of non – compliance of GDPR (General Data Protection Regulation) as: * The company failed to protect its user’s personal data. * Facebook guilty as failed to be transparent about how the personal data was being harvested by the third parties. What is Cambridge Analytica? Cambridge Analytica is a London-based company that helps business and political groups to muster up data on voters during electoral processes. This data is then analyzed to conduct strategic communication and to create effective slogans and campaign messages. The company was started in 2013 as an offshoot of SCL (Strategic Communication Laboratories) group. Social media platforms like Facebook are used as a source to collect data. Cambridge Analytica has ...