Because the breaches in the scope of the ICO's inquiry occurred in 2013-2014, Facebook escaped a fine of up to 4 per cent of turnover, equivalent to more than £1.2 billion, that could have applied under the general data protection regulation (GDPR), which came into force on...
Facebook has been under scrutiny since allegations surfaced that London-based political consultancy Cambridge Analytica used data from tens of millions of Facebook accounts to help United States President Donald Trump's 2016 election campaign.
In a statement, Facebook responded to the findings by acknowledging it "should have done more to investigate claims about Cambridge Analytica and take action in 2015".
However, the Information Commissioner's report said other regulatory action would include a criminal prosecution against Cambridge Analytica's parent firm, SCL Elections, for failing to deal with the regulator's enforcement notice.
Facebook's Egan referred to the numerous investigations involving the company.
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Under Australian law, all organizations must take "reasonable steps" to ensure personal information is held securely and IMF Bentham has teamed up with a major law firm to lodge a complaint with the Office of the Australian Information Commissioner (OAIO). "We have been working closely with the ICO in their investigation of Cambridge Analytica, just as we have with authorities in the USA and other countries".
The probe "concluded that Facebook contravened the law by failing to safeguard people's information".
Facebook has said it will be reviewing the report and responding to the ICO soon. The region's competition chief said the social media company had provided misleading information about its privacy promises during its 2014 acquisition of the messenger app WhatsApp. "We have been working closely with the ICO in their investigation of Cambridge Analytica, just as we have with authorities in the U.S. and other countries", she said.
Politicians are calling for greater transparency from Facebook in light of the ICO fine.
"The number of Facebook users affected by this kind of data scraping may be far greater than has now been acknowledged". It's also about half of what the Spanish data protection authorities previous year extracted from to the firm for privacy failings.