Did you know Facebook is fined just $645000 for failing to protect its users' data - the amount it makes in 360 seconds

Did you know Facebook is fined just $645000 for failing to protect its users' data - the amount it makes in 360 seconds

fb became today fined simply £500K ($645K) for leaking the facts of 87 MILLION customers.

Britain's statistics watchdog imposed the most feasible fine on america net massive over the Cambridge Analytics scandal.

but the punishment turned into blasted as "paltry" by experts as it emerged fb will take just six mins to pay it off.

The £500,000 nice represents zero.00001 percentage of boss Mark Zuckerberg's £forty three billion ($61.5 billion) fortune.

fb allowed political consulting company Cambridge Analytica to reap the data of 87 million customers around the world without their permission.

The social network apologised and vowed to tighten up its privacy coverage after the scandal got here to mild.

these days data Commissioner Elizabeth Denham announced it turned into enforcing a £500,000 best, the maximum allowed underneath the old information safety legal guidelines.

She said: "facebook didn't sufficiently shield the privateness of its users earlier than, at some stage in and after the illegal processing of this information. A organisation of its size and expertise ought to have recognised higher and it must have executed better."

Ms Denham brought that the high-quality might "unavoidably" have been a good deal bigger if the brand new GDPR law implemented.

under the brand new law, facebook could have faced a punishment of greater than £1 billion.

The business enterprise made more than £10billion inside the most current quarter - that means it takes in nearly £eighty,000 every minute.


This post was originally published on Thesun. | image: Reuters

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