Facebook data breach firm shutting down
Cambridge Analytica, the political consultancy at the centre of the Facebook data row, has announced it is to close and declare bankruptcy.The British company said it had been "the subject of numerous unfounded accusations" and was "vilified for activities that are not only legal, but also widely accepted as a standard component of online advertising in both the political and commercial arenas."Eighteen enforcement officers spent the night searching Cambridge Analytica's offices after the High Court granted a warrant in March.The information commissioner obtained a legal order to access their records and data after it emerged the company had harvested information from 50 million Facebook users.The social media giant later revealed that 87 million people may been affected by the leak, with ...