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Facebook to pay 500,000 pounds fine over Cambridge Analytica

Christian Fernsby |
Facebook has agreed to pay Facebooka 500,000 pounds fine imposed by the UK Information Commissioner's Office over its role in the Cambridge Analytica data sharing scandal in 2018.

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Topics: FACEBOOK    FINE    CAMBRIDGE ANALYTICA   

But, the company will not admit to any liability under a settlement with the ICO.

Harry Kinmonth, Director and Associate General Counsel, Facebook said, ".... we wish we had done more to investigate claims about Cambridge Analytica in 2015. We made major changes to our platform back then, significantly restricting the information which app developers could access...."

Settlement enables Facebook to retain documents disclosed by the ICO during the appeal for other purposes, including furthering its own investigation into issues around Cambridge Analytica.

The investigation had previously been put on hold at the ICO's direction, that can resume now.


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