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Facebook shouldn’t be appealing a tiny fine over Cambridge Analytica if it’s really committed to privacy regulation, says data cop
Facebook appealed the Information Commissioner's Office's £500,000 fine over the Cambridge Analytica breach in November.
Floyd Mayweather Jr. and DJ Khaled will each pay more than $100,000 in fines to settle charges that they illegally touted ICOs
Both Mayweather and Khaled promoted the ICO of Centra Tech. Neither disclosed that they were being paid to do so, the SEC said.
The Uber fines were imposed by Britain's Information Commissioner's Office and the Dutch Data Protection Authority.
The UK's Information Commissioner's Office fined Facebook £500,000 ($645,000), the highest punishment it can dish out for a data breach.
In the race to be the world's crypto capital, European countries are crushing peers in the US and Asia. The value of "token sales" in Europe is about $4.1 billion, far above the $2.6 billion in the US and $2.3 billion in Asia.
Ethereum is closely intertwined with initial coin offerings (or ICOs). Monday's decline comes as hundreds of those projects cash out of the digital ledger network after propping it up through thousands of fundraisers on the ethereum blockchain in the past year, Bloomberg reported.
Scandal-hit political consultancy firm Cambridge Analytica offered itself for sale to more than 18,000 parties after going into administration. A report filed to the UK's Companies House outlines how administrators tried to drum up as much cash as possible by selling the company.
A company targeted at new mothers is facing a fine for selling data to Labour for its general election campaign
The Information Commissioner's Office (ICO) said it planned to fine Emma's Diary £140,000 for selling information about its users illegally to data broker Experian for use by the Labour Party in its general election campaigning.
It would take Facebook just 18 minutes to pay off its £500,000 fine for the Cambridge Analytica scandal
Calculations by Business Insider show that Facebook makes such huge profits that the fine is little more than a drop in the ocean, and could be offset by normal business in less time than it takes to eat a meal.
The UK’s privacy watchdog has fined Facebook £500,000 — the maximum amount — over Cambridge Analytica
Facebook is being fined the maximum amount possible after being accused of breaking the law twice over the scandal.