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Australia sues Facebook over Cambridge Analytica, fine could scale to $529BN

Australia sues Facebook over Cambridge Analytica, fine could scale to $529BN

6 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/03/09/australia-sues-facebook-over-cambridge-analytica-fine-could-scale-to-529bn/

Australia’s privacy watchdog is suing Facebook over the Cambridge Analytica data breach — which, back in 2018, became a global scandal that wiped billions off the tech giant’s share price yet only led to Facebook picking up a $5BN FTC fine.

Should Australia prevail in its suit against the tech giant the monetary penalty could be exponentially larger.

Australia sues Facebook over Cambridge Analytica, fine could scale to $529BN

Mar 9, 2020, 1:22pm UTC
https://techcrunch.com/2020/03/09/australia-sues-facebook-over-cambridge-analytica-fine-could-scale-to-529bn/ > Australia’s privacy watchdog is suing Facebook over the Cambridge Analytica data breach — which, back in 2018, became a global scandal that wiped billions off the tech giant’s share price yet only led to Facebook picking up a $5BN FTC fine. > Should Australia prevail in its suit against the tech giant the monetary penalty could be exponentially larger.