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.

Reuters » 

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.

Read more »

ICO Statement

More » The Register, BBC, The Mac Observer, The Inquirer, The Guardian, NPR, TechCrunch, CNET, ZDNet, Security Affairs