“The U.S. Federal Trade Commission is investigating whether the use of personal data from 50 million Facebook users by Cambridge Analytica violated a consent decree the tech company signed with the agency in 2011, Bloomberg reported Monday,” Sara Salinas reports for CNBC. “The report follows a weekend of turmoil for Facebook after the research firm was alleged to have improperly gained access to the data of more than 50 million Facebook users.”
“A violation of the consent decree could carry a penalty of $40,000 per violation, which could mean a fine conservatively estimated to be “many millions of dollars in fines” for Facebook, The Washington Post reported over the weekend, citing a former FTC official,” Salinas reports. “‘We reject any suggestion of violation of the consent decree. We respected the privacy settings that people had in place. Privacy and data protections are fundamental to every decision we make,’ Facebook said in a statement to The Washington Post on Saturday.”
“The consent decree requires that Facebook notify users and receive explicit permission before sharing personal data beyond their specified privacy settings,” Salinas reports. “Shares of Facebook fell as much as 3 percent Tuesday, after falling as much as 8 percent on Monday. UK officials are also investigating the alleged mishandling of data, ordering auditors hired by Facebook to stand down and summoning CEO Mark Zuckerberg to provide evidence for review.”
Read more in the full article here.
“The Facebook revelations have also prompted bipartisan, transatlantic concern,” David McLaughlin reports for Bloomberg. “The U.S. Senate Commerce Committee announced Monday evening it would like a briefing on ‘the use and sharing of individual Facebook user data.'”
“The chairman of a UK parliamentary committee announced Tuesday he was requesting that Facebook Chief Executive Officer Mark Zuckerberg, who has remained silent for days, appear before the panel to supplement prior testimony by the company’s executives,” McLaughlin reports. “Republican lawmakers, who normally resist regulation of private business, started coming down on the company as early as Sunday, with Senator Jeff Flake of Arizona calling the privacy violations ‘significant’ and Senator Marco Rubio of Florida saying he was ‘disturbed’ by many things about the company.”
Read more in the full article here.
MacDailyNews Take: Faceplant.
The roof, the roof, the roof is on fire!
We don’t need no water
Let the…SEE ALSO:
The problem isn’t Cambridge Analytica: It’s Facebook – March 19, 2018
Apple: Privacy is a fundamental right – September 27, 2017
It’s past time for you to STOP USING FACEBOOK – March 19, 2018
Delete your Facebook: The only way to win the social game is not to play – March 19, 2018
How you access the super creepy data that Facebook has on you – March 12, 2018
Facebook asks users: Should we allow men to ask children for sexual images? – March 6, 2018
Study: Facebook is for old people – February 12, 2018
Mark Zuckerberg is fighting to save Facebook; announces major change to News Feed – January 12, 2018
Facebook developing ‘Portal’ gadget which will let it put microphones and cameras in people’s homes – January 11, 2018
Facebook is giving the US government more and more data – December 21, 2017
Former Facebook exec: Facebook is ‘destroying how society works’ – December 11, 2017
Apple’s cutting-edge ‘differential privacy’ is opt-in – June 24, 2016
Apple’s cutting-edge ‘differential privacy’ offers unique option for technology users – June 20, 2016
Apple’s use of cutting-edge tech will peek at user habits without violating privacy – June 16, 2016
Apple unveils iOS 10, the mother of all iOS releases – June 13, 2016
Apple previews major update with macOS Sierra – June 13, 2016
Apple seeks to use AI to keep Google off your iPhones, iPads, and Macs – June 15, 2016
Edward Snowden: Apple is a privacy pioneer – June 5, 2015
Tim Cook gets privacy and encryption: We shouldn’t surrender them to Google – June 4, 2015
Tim Cook attacks Google, U.S. federal government over right to privacy abuses – June 3, 2015
The price you’ll pay for Google’s ‘free’ photo storage – June 3, 2015
Apple CEO Tim Cook champions privacy, blasts ‘so-called free services’ – June 3, 2015
Passing on Google Photos for iOS: Read the fine print before you sign up for Google’s new Photos service – June 1, 2015
Why Apple’s Photos beats Google Photos, despite price and shortcomings – May 30, 2015
Is Apple is losing the photo wars? – May 29, 2015
How Google aims to delve deeper into users’ lives – May 29, 2015
Apple CEO Cook: Unlike some other companies, Apple won’t invade your right to privacy – March 2, 2015
Survey: People trust U.S. NSA more than Google – October 29, 2014
Edward Snowden’s privacy tips: ‘Get rid of Dropbox,” avoid Facebook and Google – October 13, 2014
Apple CEO Tim Cook ups privacy to new level, takes direct swipe at Google – September 18, 2014
Apple will no longer unlock most iPhones, iPads for government, police – even with search warrants – September 18, 2014
U.S. NSA watching, tracking phone users with Google Maps – January 28, 2014
U.S. NSA secretly infiltrated Yahoo, Google data centers worldwide, Snowden documents say – October 30, 2013
Google has already inserted some U.S. NSA code into Android – July 10, 2013
Court rules NSA doesn’t have to reveal its semi-secret relationship with Google – May 22, 2013
Let it burn, let it burn! I’m reminded of Disco Inferno. Burn that mother down.
More than 50 million Facebook users X $40,000 per violation = minimum $2 billion. Of course, Facebook will say the users set their configs to allow the sharing, so there will be no fine, except maybe a token fine for the sake of politicians running for re-election this fall.
A lot worse I think 50,000,000 X 40,000 = 2000,000,000,000,000 or $2 Trillion.
12 zeros not 15 $2,000,000,000,000 = $2 Trillion, no wonder the value of Facebook crashed $37 Billion today
I’ll just leave this here:
Trump campaign phased out use of Cambridge Analytica data before election
The Trump campaign never used the psychographic data at the heart of a whistleblower who once worked to help acquire the data’s reporting — principally because it was relatively new and of suspect quality and value.
In late September 2016, Cambridge and other data vendors were submitting bids to the Trump campaign. Then-candidate Trump’s campaign used Cambridge Analytica during the primaries and in the summer because it was never certain the Republican National Committee would be a willing, cooperative partner. Cambridge Analytica instead was a hedge against the RNC, in case it wouldn’t share its data.
The crucial decision was made in late September or early October when Mr. Trump’s son-in-law Jared Kushner and Brad Parscale, Mr. Trump’s digital guru on the 2016 campaign, decided to utilize just the RNC data for the general election and used nothing from that point from Cambridge Analytica or any other data vendor. The Trump campaign had tested the RNC data, and it proved to be vastly more accurate than Cambridge Analytica’s, and when it was clear the RNC would be a willing partner, Mr. Trump’s campaign was able to rely solely on the RNC.
The Trump contact with the firm ended on Election Day 2016 and has not been part of the Trump re-election campaign process. — Major Garrett, CBS News, March 18, 2018
Trump and the entire administration and most of the party will end up in jail and/or reviled for generations to come, if we survive, that is.
The propaganda campaign has begun.
So…. now the MSM is trustworthy. Sorta like how the unemployment numbers suddenly became real.
Your bold headline doesn’t jive with the bottom line of your cut-n-paste.
Of course the Trump contract with Cambridge Analytica ended on election day in 2016 — Trump wouldn’t pay for any data after that point. You have no idea how much data Bannon and the Boyz stole or how it was used. Note that Trump also kicked Bannon to the kerb after he felt he got all the strategy he needed out of the prickly Mercer plant.
Who pays you to write all the Trump propaganda? You work so hard to cherry pick data points that you think prove you correct, but you miss the forest of other data points, including the one in the article you pasted here on what used to be a Mac forum.
There is one obvious quality of all the (remaining) Trump administration: whether true or not, the lemmings will all swear before the public that if Trump thinks something is so, then it must be true. To prove him wrong leads to sacking, so nobody will question the naked emperor.
Problem is, Trump DOES rely on underhanded popularity based “alternative facts” to draw his conclusions. He just isn’t smart enough or patient enough to absorb what data analytics says. He gets his daily brief from the Morning Joe show and then tweets how all the national intelligence agencies that he could have working for him are untrustworthy because they don’t bend to Trump’s tenuous grasp of reality.
Note how Trump claims the US election was rigged against him, then he turns around and calls Russian dictator for life Putin to congratulate him on his “reelection”.
I saw that too but they don’t like to have their lies pointed out.
Seems like the CEO disagrees with you.
https://www.yahoo.com/finance/news/cambridge-analytica-ceo-apos-ran-212700332.html
If they are going to investigate presidents, then they sure better add dear old Maxine Waters and Obama to the list. http://www.breitbart.com/video/2013/02/06/maxine-waters-reveals-obamas-secret-data-base-filled-voters-private-info-dems-secret-to-crush-gop/
This one too. https://ijr.com/2018/03/1077083-ex-obama-campaign-director-fb/
LoL.
They can’t grill that little opportunistic and user abusive Zuckerturd M.F.’er enough. Little Markie roasting over an open fire pit of data related questions and FB company direction sounds delicious.
Zuck ducked out.
And that is because?
Zucker designed a system to rape user’s data for his own financial gain and now is scared to death that governments worldwide will legislate against what earns him gobs of money.
Zucker sells eyeballs.