1. Facebook Just Got Clobbered With a Record $5 Billion Penalty Over the Cambridge Analytica Data Breach

    Business Insider BoardNews
    Facebook Just Got Clobbered With a Record $5 Billion Penalty Over the Cambridge Analytica Data Breach
    • The Federal Trade Commission just slammed Facebook with a record $5 billion penalty over its handling of user data following the giant Cambridge Analytica breach last year.
    • Facebook said last month that it had set aside $3 billion to $5 billion for the settlement...
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    1. The $5 billion penalty against Facebook is the largest ever imposed on any company for violating consumers' privacy and almost 20 times greater than the largest privacy or data security penalty ever imposed worldwide.

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