• Home
  • About Us
  • Contact US !
Incitasecurity
  • Home
  • Finance
  • Gadgets
  • Education
  • Latest Internet News
  • Technology
  • Social Media
  • Blogging
  • CrossFit
  • UpComing Car
No Result
View All Result
  • Home
  • Finance
  • Gadgets
  • Education
  • Latest Internet News
  • Technology
  • Social Media
  • Blogging
  • CrossFit
  • UpComing Car
No Result
View All Result
Incitasecurity
No Result
View All Result
Home Social Media

Facebook Says Facing Multiple Inquiries From US, UK Regulators on Cambridge Analytica Data Scandal

Loknath Das by Loknath Das
July 4, 2018
in Social Media
0
VIEWS
Share on FacebookShare on Twitter

Facebook Says Facing Multiple Inquiries From US, UK Regulators on Cambridge Analytica Data Scandal

Facebook acknowledged Tuesday it was facing multiple inquiries from US and British regulators about the major Cambridge Analytica user data scandal.

The leading social network offered no details but its admission confirmed reports of a widening investigation into the misuse of private data by Facebook and its partners.

“We are cooperating with officials in the US, UK and beyond,” a Facebook spokesman said in response to an AFP query.

“We’ve provided public testimony, answered questions, and pledged to continue our assistance as their work continues.”

The Washington Post reported that the Securities and Exchange Commission, Federal Trade Commission, and FBI as well as the Justice Department are looking into the massive breach of users’ personal data and how the company handled it.

Facebook shares closed the shortened Nasdaq trading day down 2.35 percent to $192.73 (roughly Rs. 13,200), heading into an Independence Day holiday with investors mulling what effect the investigations may have on the California-based Internet giant.

Facebook has admitted that up to 87 million users may have had their data hijacked by British consultancy Cambridge Analytica, which worked for US President Donald Trump during his 2016 campaign.

Facebook chief Mark Zuckerberg apologised to the European Parliament in May and said the social media giant is taking steps to prevent such a breach from happening again.

Zuckerberg said at a hearing in Brussels that it became clear in the last two years that Facebook executives didn’t do enough to prevent the platform “from being used for harm.”

Zuckerberg was grilled about the breach in US Congress in April.

It remains unclear what if any penalties Facebook may face from the latest requests but the tech giant is legally bound to comply with a 2011 consent decree with the FTC on protecting private user data.

Any SEC inquiry could look at whether Facebook adequately disclosed key information to investors.

[“Source-gadgets.ndtv”]

Tags: AnalyticaCambridgedataFacebookFacingfromInquiriesMultipleonregulator'ssaysscandalUKUS
Previous Post

Life Coaching Industry Turning To Online Technologies To Reach New Customers

Next Post

India Asks WhatsApp to Curb Spread of False Messages

Next Post
India Asks WhatsApp to Curb Spread of False Messages

India Asks WhatsApp to Curb Spread of False Messages

Recent Post

  • Positive Quotes about the Future
  • The Power of DB Snatch in CrossFit: Unleash Your Strength and Agility
  • CrossFit Gym Christmas Party Ideas
  • Diane: Unleashing Strength and Stamina with CrossFit’s Intense WOD
  • 1776 CrossFit Workout: A Challenging and Patriotic Fitness Regimen
  • Curtis P CrossFit: Revolutionizing Fitness Training
  • CrossFit Granada Hills: Achieve Your Fitness Goals with High-Intensity Workouts
  • 3 Bridges CrossFit: The Ultimate Fitness Experience
  • Why Do People Hate CrossFit?
  • NEPA CrossFit Client: Transforming Lives through Fitness and Community
Incitasecurity

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Navigate Site

  • Home
  • About Us
  • Contact US !

Follow Us

No Result
View All Result
  • Home
  • Finance
  • Gadgets
  • Education
  • Latest Internet News
  • Technology
  • Social Media
  • Blogging
  • CrossFit
  • UpComing Car

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.