Facebook Getting Questioned On Privacy Rules

Clay Curtis
March 20, 2018

Facebook is accused of not informing its users that their profile information may be used by Cambridge Analytica which is a political consulting firm.

United Kingdom regulators are seeking a warrant to search the offices of the political consultancy research firm Cambridge Analytica which is at the centre of a trans-Atlantic probe into a massive Facebook data breach. It also pointed out it has restricted how much personal information outsiders can obtain since the Cambridge Analytica incident. Wylie also says there are numerous models for exploiting information of this kind, and that the basis of the company was basically to analyze and manipulate this data. A former employee said Cambridge was able to get data from tens of millions of other users who were friends with the people who downloaded that app. "The Cambridge Analytica scandal describes how Facebook makes billions of dollars off of our personal information".

Schrems has founded a non-profit, called None Of Your Business (NOYB), that is hiring lawyers and exploring avenues for "strategic litigation" over GDPR privacy violations.

ALEXANDER Nix is at the heart of allegations that the firm he works for used the personal data of 50 million Facebook members to influence the USA presidential election in 2016.

"In terms of laws which cover the privacy of data, there are a range of laws which aren't directly within my areas of portfolio responsibility.in terms of the arrangements specifically in relation to elections, that's something on which I'll need to take advice from, and consult with, relevant colleagues", Fifield said.

Facebook could face fines of $40,000 per affected user if it violated its agreement with the FTC.

"If this data still exists, it would be a grave violation of Facebook's policies and an unacceptable violation of trust and the commitments these groups made", Facebook said.

Compliance with GDPR rules could cost Facebook a significant amount of money.

"Self-regulation is not working", Grygiel said.

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Its share price plunged on Monday, as officials on both sides of the Atlantic called for investigations.

Pivotal Research analyst Brian Wieser reiterated his "sell" rating on Facebook after the weekend reports.

A December 2017 survey found that only 21 percent of European consumers know what GDPR is.

The firm that counts among its owners the hedge fund billionaire Robert Mercer said they use unconscious psychological biases to target them with the sort of ads that is likely to have the maximum impact on the viewer's mind.

Cambridge Analytica has also rebuffed accusations that it has not deleted the data. You can read about the architect turned whistleblower, Christopher Wylie, behind the tech that Cambridge Analytica used for targeted advertising here.

During her almost four years as commissioner, Jourova has held frequent talks with Facebook and other U.S. tech giants in a bid to bolster Europeans personal data protections and rid the internet of hate speech.

"There was very big consideration of these newer types of platforms", she told Reuters.

Alexander Nix is an ex-Etonian who is the boss of Cambridge Analytica.

He said: "We see this as a co-ordinated attack by the media that's been going on for very, very many months in order to damage the company that had some involvement with the election of Donald Trump".

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