Facebook Cambridge Analytica News

UK Regulator Warns Insurers, Banks About Responsible Use of Customers’ Big Data

Britain’s banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on Wednesday. Financial firms have been using Big …

Facebook Faces £500,000 Fine in UK over Cambridge Analytica Data Privacy Violations

Facebook Inc. could be fined a symbolic 500,000 pounds ($664,000) by the U.K.’s privacy regulator after the social network giant failed to prevent key user data falling into the hands of a political consultancy that helped get President Donald Trump …

Facebook in Australia Faces Potential Class Action Suit over Data Privacy Breaches

Litigation funder IMF Bentham Ltd is preparing to potentially sue social media giant Facebook Inc in Australia over its sharing of users’ data with political consultancy Cambridge Analytica. The world’s largest social network said in April that data of up …

UK Insurance Entrepreneur Banks Accuses Lawmakers of `Witch Hunt’ to Derail Brexit

Arron Banks, one of the self-described “bad boys of Brexit,” said he has no business interests in Russia and there was no evidence of a conspiracy connected to Britain’s vote to leave the European Union. At a contentious Parliament hearing …

Facebook Begins Complying with EU’s Privacy Rules; Global Users to Be Protected

Facebook Inc. is starting to comply with new privacy rules in Europe. And then, to get ahead of scrutiny everywhere else, the company said it will provide the same protections to the rest of its 2 billion users. Users in …

Indonesia MPs Grill Facebook Executives on Potential Data Misuse

A Facebook official apologized to Indonesian members of parliament on Tuesday during a five-hour grilling at a public hearing on issues ranging from the misuse of personal data to the oversight of content by the social media giant. Facebook has …

U.K. Insurance Exec Denies Misuse of His Firms’ Data to Influence Brexit Vote

A prominent campaigner to leave the European Union, Arron Banks, denied allegations on Tuesday by a former employee of political consultancy Cambridge Analytica that he had misused personal data for political purposes. Brittany Kaiser testified to a committee of British …

Cautious Facebook CEO Tells Congress ‘Details Matter’ On Any Privacy Regulation

Facebook Inc. Chief Executive Mark Zuckerberg on Wednesday told lawmakers that his own personal data was included in that of 87 million or so Facebook users that was improperly shared with political consultancy Cambridge Analytica. But he pushed back on …

Facebook ‘Willing’ to Meet with EU Regulators over Widening Data Scandal

Facebook Inc. expressed a “willingness to engage” with European Union regulators in the wake of fresh evidence showing that data on most of the social network’s 2 billion users could have been accessed improperly. Justice Commissioner Vera Jourova is in …

Australia Begins Investigation into Facebook over Possible Breach of Data Laws

Australia on Thursday said it had begun an investigation to decide whether social media giant Facebook Inc breached its privacy laws, after the company confirmed data from 300,000 Australian users may have been used without authorization. Personal information of up …