Tags archives: cambridge-analytica

Apple Inc. Chief Executive Tim Cook predicts that government regulation of the tech companies to protect personal data are “inevitable.” In an interview for Axios on HBO, Cook said he expected the US Congress to bring some level of regulation. Tech companies should brace themselves for upcoming regulations and it’s not inherently a good versus bad situation. He also said that the Silicon Valley must be aware that their products can be misused. “This is not a matter of privacy versus profits, or privacy versus technical innovation. T...
The British privacy watchdog has on Thursday fined Facebook its maximum financial punishment for the company’s failure to protect the private information of its users in the Cambridge Analytica scandal. Facebook received a fine of £500,000 (about $645,000) – the highest punishment the British watchdog can dish out for data breaches, through its Ireland Office from the UK’s Information Commissioner’s Office (ICO). The fine would have been “significantly higher” under the EU General Data Protection Regulations, which took effect in M...
Facebook’s private data for its European users may not have been obtained by Cambridge Analytica. This is coming on the heels of criticisms triggered by a scandal of great consequence which sparked global outrage as the social media giant continues to tackle and defend. According to Stephen Satterfield, a privacy policy director at Facebook, while speaking to the European Union parliamentarians in a hearing on Monday, he said: “the best information we have suggests that no Facebook EU data was shared by Dr. [Aleksandr] Kogan with Camb...
The British political consulting firm responsible for Facebook data infringe, Cambridge Analytica was planning to launch its own cryptocurrency earlier this year through initial coin offering before getting hooked on data leak scandal, Verge reports. A former employee at the company, Brittany Kaiser in her statement to New York Times confirmed that the virtual currency would have helped Cambridge Analytica to acquire online personal data, which could be sold. The personal data of more than 87 million Facebook users has already been h...