UNITED NEWS INTERNATIONAL (UNI) – The U.K.’s Information Commissioner’s Office says it will fine Facebook for breaching data protection laws, following the Cambridge Analytica scandal.
It published an update of the investigation on Wednesday, July 10, which included a £500,000 ($663,000) fine — the maximum punishment for violating data-privacy laws in Britain.
The Information Commissioner told reporters the breach was a “significant issue” and the fine “sends a clear signal.”
Compared to the billions of dollars Facebook generates every year, the fine is modest. The company’s reputation, however, has taken a big hit.
Earlier this year, Facebook CEO Mark Zuckerberg went on a tour of contrition and admitted more than 80 million users may have had their data hijacked by British consulting firm Cambridge Analytica.
Meanwhile, the ICO also said on Wednesday it plans to bring criminal action against Cambridge Analytica’s defunct parent company SCL Elections.