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Facebook agrees to pay Cambridge Analytica fine



Facebook has agreed to pay a £ 500,000 ($ 645,000) penalty imposed by the UK Information Commissioner Office, which found that the company failed to safeguard user data collected by political data company Cambridge Analytica. Facebook will not admit any responsibility during the settlement.
The regulator issued the small fine last year, but Facebook appealed the ruling. The ICO and Facebook ( FB ) announced Wednesday that a settlement has now been reached.

Facebook and CEO Mark Zuckerberg has faced intense scrutiny after Cambridge Analytica obtained the personal information of as many as 87 million Facebook users. Studies have focused on how the data was used.

  I was the top manager of Cambridge Analytica. It taught me a tough lesson on public trust

Facebook will also gain access during the settlement of documents obtained by the British government from Cambridge Analytica, which the company said they will use to investigate the matter further.

Harry Kinmonth, Facebook's attorney, said in a statement that the company wished it "had done more to investigate allegations of Cambridge Analytica in 2015," and that it had made "major changes."

"Protecting people's information and privacy is a top priority for Facebook, and we continue to build new controls to help people protect and manage their information," Kinmonth said.

  Facebook employees had concerns about & # 39; outline & # 39; Cambridge Analytica the year before the 2016 election

ICO Deputy Commissioner James Dipple-Johnstone said in a statement that the protection of personal data is "fundamental" for "preserving a strong democracy. "

" We are pleased to hear that Facebook has taken and will continue to take important steps to comply with the basic principles of data protection, "he added.


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