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Facebook, worth £445bn, fined £500k for data breach

Facebook, worth £445bn, fined £500k for data breach

Technology
Facebook is to be hit with the maximum £500,000 ($ 663,000) fine over data protection breaches related to the Cambridge Analytica scandal. The UK's information commissioner, Elizabeth Denham, said she would fine the social network as her office investigates how data belonging to tens of millions of users was improperly accessed.The amount is the maximum allowed under the Data Protection Act 1998, but is pocket change for a company valued last year at around $ 590bn (£445bn).The scandal took place before new EU data protection laws that allow much larger fines came into force.Facebook, along with consultancy Cambridge Analytica, has been the focus of the investigation since February when evidence emerged that an app was used to harvest the data of 50 million Faceb...
Facebook scandal: Who is selling your personal data?

Facebook scandal: Who is selling your personal data?

Business
Offering handy parenting tips and £200 worth of vouchers, Emma's Diary may have seemed like the perfect website for new parents to sign up to.But in exchange for free nappies, they also gave consent for their data to be used for a mix of advertising purposes.It has now emerged that the data was sold to the Labour Party in 2017, even though the consent did not extend to political parties.The site now faces a fine for misuse of personal data.The case is part of the Information Commissioner's inquiry into political digital marketing, following the Cambridge Analytica data scandal.What began with a look at the misuse of Facebook data has now has opened a window on the complex ecosystem of online advertising, and thrown light on...
Facebook faces £500,000 fine from UK data watchdog

Facebook faces £500,000 fine from UK data watchdog

Technology
Media playback is unsupported on your device The UK's data protection watchdog intends to fine Facebook £500,000 for data breaches - the maximum allowed.The Information Commissioner's Office said Facebook had failed to ensure another company - Cambridge Analytica - had deleted users' data.The ICO will also bring a criminal action against Cambridge Analytica's defunct parent company SCL Elections. And it has raised concerns about political parties buying personal information from "data brokers".Specifically it named one company used by the Labour Party, Emma's Diary, which gives medical advice and free baby-themed products to parents.Facebook said it would respond to the report "soon".The ICO also said another company - Aggregate IQ - whi...
Ticketmaster admits user data was stolen in breach

Ticketmaster admits user data was stolen in breach

Technology
Ticketmaster has admitted 40,000 customers' personal information and credit card details have been stolen in a data breach. The ticket sales website said in a statement that it was hit by "malicious software" on Saturday through a third-party supplier to Ticketmaster.All customers the company believes were affected - less than 5% of its customer base - have been contacted and advised to change their password.In a statement on their website, Ticketmaster added customers in North America were not affected.The company offered 12 months free identity monitoring service to anyone whose details may have been stolen.The statement said: "On Saturday, June 23, 2018, Ticketmaster UK identified malicious software on a customer support product hosted by Inbenta Technologies, an externa...
RBI seeks update on payments data storage every fortnight

RBI seeks update on payments data storage every fortnight

Finance
NEW DELHI: Amid concern around data security, the Reserve Bank of India is learnt to have asked payment services firms to provide an update on action taken by them to store transaction data in the country in every fortnight. "You are hereby advised to inform the status of ensuring compliance...The same shall be submitted by June 8, 2018, followed by an update on progress at fortnightly intervals thereafter," the RBI said in the letter referring to its order dated April 6, 2018. A payment bank official on the condition of anonymity confirmed receipt of the RBI letter. According to the order issued on April 6, all payment system providers including payments bank, payment gateways are required to ensure that full end-to-end transaction details relating to payment systems operated by them a...