via Natasha Lomas – writing at TechCrunch, comes this story of the Australian Information Commissioner filing proceedings targeting Facebook Inc. (NASDAQ: FB) over the Cambridge Analytica data breach outrage. My take: Good on ya, Commissioner!
‘Australia’s Privacy Act sets out a provision for a civil penalty of up to $1,700,000 to be levied per contravention — and the national watchdog believes there were 311,074 local Facebook users in the cache of ~86M profiles lifted by Cambridge Analytica . So the potential fine here is circa $529BN. (A very far cry from the £500k Facebook paid in the UK over the same data misuse scandal.)’ – via Natasha Lomas at TechCrunch
*** This is a Security Bloggers Network syndicated blog from Infosecurity.US authored by Marc Handelman. Read the original post at: https://www.infosecurity.us/blog/2020/3/10/australia-holds-facebooks-feet-to-the-barbie