Facebook Broke Data Privacy Rules, so Self-Regulation Must End: UK Lawmakers

Article 0 Comments Facebook intentionally breached data privacy and competition law and should, along with other big tech companies, be subject to a new regulator to protect democracy and citizens’ rights, British lawmakers said on Monday. In a damning report that singled out Facebook CEO Mark Zuckerberg for what it […]

UK Insurance Entrepreneur Banks Denies New Allegation of Links with Russia

Article 0 Comments British businessman Arron Banks has denied an allegation made by a former business partner that he approached Russians about investing in his diamond mines, and that the money raised went instead to his campaign to leave the European Union. Banks, who ahead of the Brexit referendum financed […]

Lawmakers Eye Holding Social Media Firms Liable for User Posts

Article 0 Comments Top Republican lawmakers on Tuesday attacked one of the legal protections most prized by social media companies such as Alphabet Inc.’s Google and Facebook Inc., questioning whether they should be held liable for content posted by users. House Judiciary Chairman Bob Goodlatte asked representatives from the companies […]

UK Regulator Warns Insurers, Banks About Responsible Use of Customers’ Big Data

Article 0 Comments Britain’s banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on Wednesday. Financial firms have been using Big Data on customers, which can include social […]

Facebook Faces £500,000 Fine in UK over Cambridge Analytica Data Privacy Violations

Article 0 Comments Facebook Inc. could be fined a symbolic 500,000 pounds ($664,000) by the U.K.’s privacy regulator after the social network giant failed to prevent key user data falling into the hands of a political consultancy that helped get President Donald Trump elected. The U.K. Information Commissioner’s Office is […]

Facebook in Australia Faces Potential Class Action Suit over Data Privacy Breaches

Article 0 Comments Litigation funder IMF Bentham Ltd is preparing to potentially sue social media giant Facebook Inc in Australia over its sharing of users’ data with political consultancy Cambridge Analytica. The world’s largest social network said in April that data of up to 87 million people ended up in […]

UK Insurance Entrepreneur Banks Accuses Lawmakers of `Witch Hunt’ to Derail Brexit

Article 0 Comments Arron Banks, one of the self-described “bad boys of Brexit,” said he has no business interests in Russia and there was no evidence of a conspiracy connected to Britain’s vote to leave the European Union. At a contentious Parliament hearing on Tuesday, Banks — whose financial contributions […]

Facebook Begins Complying with EU’s Privacy Rules; Global Users to Be Protected

Article 0 Comments Facebook Inc. is starting to comply with new privacy rules in Europe. And then, to get ahead of scrutiny everywhere else, the company said it will provide the same protections to the rest of its 2 billion users. Users in Europe this week will get notifications about […]

Indonesia MPs Grill Facebook Executives on Potential Data Misuse

Article 0 Comments A Facebook official apologized to Indonesian members of parliament on Tuesday during a five-hour grilling at a public hearing on issues ranging from the misuse of personal data to the oversight of content by the social media giant. Facebook has been hit by revelations that data of […]