Facebook has agreed to pay a £500,000 fine, the maximum allowed by the UK’s data protection watchdog, for its role in the Cambridge Analytica scandal. Facebook last year had appealed the penalty.
Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain’s information rights regulator said on Wednesday.
The fine may be small for a company worth $540 billion, but it is the maximum the Information Commissioner’s Office (ICO) could issue and represents the first move by a regulator to punish Facebook over the Cambridge Analytica scandal.
The ICO issued the fine last year after it said data from at least 1 million British users had been among the information harvested by the researcher and used for political purposes.