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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...
VW fined €1.2bn over diesel emissions scandal

VW fined €1.2bn over diesel emissions scandal

Business
The emissions scandal that engulfed Volkswagen three years ago continues to dog the carmaking giant, as German authorities hit the group with a €1.2bn fine. Volkswagen has said that prosecutors in the German city of Braunschweig levied the £880m fine, saying the carmaker failed to properly oversee its engine development department's activities, resulting in about 10.7m diesel vehicles with illegal emissions-controlling software being sold worldwide.The firm said it hoped that paying the fine would have "positive effects on other official proceedings being conducted in Europe against Volkswagen" and its subsidiaries.:: VW Group set to 'recall up to 28,000' Volkswagens and Seats over seatbelt issue Image: Reacquired Volks...
Barclays boss fined £642k over whistleblower unmask attempt

Barclays boss fined £642k over whistleblower unmask attempt

Business
Barclays boss Jes Staley has been fined £642,430 by regulators over his attempt to unmask a whistleblower. An investigation by the Financial Conduct Authority (FCA) and the Bank of England's Prudential Regulation Authority (PRA) sharply criticised Mr Staley's response to the receipt of an anonymous letter by the bank in June 2016.The fine and public censure of the Barclays boss is unprecedented for a serving chief executive of a major bank.Barclays said following Friday's announcement it would cut the value of Mr Staley's 2016 bonus by £500,000 - meaning that his acknowledged mistakes over the episode have cost him more than £1.1m.The case centred on a letter, signed "John Q. Public", purportedly sent from a Barclays shareholder to the board making allegatio...
Man fined for hate crime after filming pug's 'Nazi salutes'

Man fined for hate crime after filming pug's 'Nazi salutes'

Technology
A man who filmed a pet dog giving Nazi salutes before putting the footage on YouTube has been fined £800.Mark Meechan, 30, recorded his girlfriend's pug, Buddha, responding to statements such as "Sieg Heil" by raising its paw.The clip was viewed more than three million times on YouTube.Meechan, of Coatbridge, North Lanarkshire, was sentenced at Airdrie Sheriff Court after being found guilty of committing a hate crime last month.He had denied any wrong-doing and insisted he made the video, which was posted in April 2016, to annoy his girlfriend.But Sheriff Derek O'Carroll found him guilty of a charge under the Communications Act that he posted a video on social media and YouTube which was grossly offensive because it was "anti-Semitic and racist in nature" and was aggravated by religious pr
Australia captain Smith fined and banned for his role in ball-tampering

Australia captain Smith fined and banned for his role in ball-tampering

Sports
Australia captain Steve Smith has been banned for one match and fined his entire match fee by cricket's world governing body for his part in a ball-tampering incident in South Africa.Smith said the team's "leadership group" had a plan, carried out by Cameron Bancroft, to tamper with the ball to "get an advantage".Smith, 28, will now miss the fourth and final Test of the series.Bancroft, 25, was fined 75% of his match fee and got three demerit points.Smith admitted a charge of conduct "of a serious nature that is contrary to the spirit of the game", said a statement from the International Cricket Council (ICC)."As captain, Steve Smith must take full responsibility for the actions of his players and it is appropriate that he be suspended," said ICC chief executive David Richardson.Hours lat...