Facebook has come under a lot of criticism for the data breach in the Cambridge Analytica scandal and not it looks like the company is going to be fined by UK regulators.
The Information Commissioners Office in the UK is apparently going to fine Facebook £500,000 for the data breach. This is not a lot of money for Facebook but it is significant because this is the maximum penalty that the ICO can fine a company in the UK.
Facebook, with Cambridge Analytica, has been the focus of the investigation since February when evidence emerged that an app had been used to harvest the data of 50 million Facebook users across the world. This is now estimated at 87 million.
The ICO’s investigation concluded that Facebook contravened the law by failing to safeguard people’s information. It also found that the company failed to be transparent about how people’s data was harvested by others.
Facebook has been trying to distance itself from the Cambridge Analytica scandal and also Fake News, the company is running TV adverts in the UK saying that it is changing the way it does things.