Facebook May Be Slapped with ‘Record-Setting’ FTC Fine for Data Breach Scandal

The US Federal Trade Commission is considering slapping Facebook with a “record-setting” fine for its epic data-breach scandal.

The social media monopoly is accused of violating user privacy by selling their personal data to third parties without their consent — for years.

Three people familiar with internal FTC discussions told the Washington Post the agency is considering imposing a massive, unprecedented fine.

Allegedly Sold User Data Without Consent

The Federal Trade Commission has been investigating Facebook since last year amid bombshell revelations that it failed to protect the privacy of its two billion monthly users.

The FTC’s job is to protect consumers and curb anti-competitive business practices, such as monopolies. The agency has not yet concluded its findings. However, sources say things are not looking good for the social media giant.

In March 2018, Facebook was rocked by allegations that it improperly allowed UK data analysis firm Cambridge Analytica to access the personal data of as many as 87 million users without their consent.

There was speculation that Facebook violated a 2011 consent decree under which it had agreed to get user permission before sharing their data with third parties.

Many users were outraged when they found out that the company had been secretly selling their personal data to third parties without their consent.

At the time, the social media giant denied any wrongdoing, but the fallout came fast and furious.

Elon Musk: I ‘Just Don’t Like Facebook’

Actor Will Ferrell and Playboy magazine deleted their accounts, saying they were disturbed by Facebook’s misuse of user data.

Billionaire Elon Musk also deleted the accounts of his companies, Tesla and SpaceX. Musk said Facebook always gave him the creeps.

“It’s not a political statement and I didn’t do this because someone dared me to do it,” Musk tweeted. “Just don’t like Facebook. Gives me the willies.”

Facebook Has Trouble Recruiting Blockchain Workers

There have been other repercussions. As CCN reported, Facebook has been aggressively trying to expand its blockchain group amid speculation that it might launch its own cryptocurrency.

To this end, the firm has been trying to hire crypto engineers, product managers, academics, and legal experts. However, Zuckerberg and company have been having a lot of trouble with their recruiting efforts because the social network’s reputation was so damaged by the data-privacy scandals.

“A lot of people obviously don’t trust the Facebook brand right now, especially people in the crypto/blockchain world,” Cheddar reported. “A lot of them got into this industry because of the centralization and the data misuse of companies like Facebook.”

Amid volcanic backlash, Facebook CEO Mark Zuckerberg apologized, but Facebook’s reputation has never been the same.


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Author: Samantha Chang 
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Butlin’s suffers data breach after falling victim to email phishing scam

Oh no, hackers might find out you went to Butlin’s

PANTO-STYLE HOLIDAY CAMP COMPANY Butlin’s has admitted to a data breach that saw an “unauthorised third party” make off with customer data.

LIONBIT

While no payment details or user passwords have been compromised, Butlin’s buoyantly announced that the booking reference numbers, lead guest names, holiday arrival dates, postal and email addresses and telephone numbers of 34,000 customers may have been accessed.

The incident was the result of a phishing attack via an unauthorised email, the company admitted, meaning this hack was entirely chaletmaid.

Butlin’s managing director Dermot King said in a statement: “Butlin’s take the security of our guest data very seriously and have improved a number of our security processes.

“I would like to apologise for any upset or inconvenience this incident might cause. A dedicated team has been set up to contact all guests who may be affected directly. I would like to personally reassure guests that no financial data has been compromised.

TIP

“Guests who may have been affected are being contacted directly by Butlin’s to let them know what’s happened, what they should do and what is being done to resolve the situation.”

Butlin’s says it will be contacting all guests who may have been affected by the incident by the end of 13 August.

The company has also reported the incident to the Information Commissioner’s Office and says it will be “putting more measures in place to reduce the risk of something like this happening again.”

News of the Butlin’s data breach comes just days after nerd watercooler Reddit fessed up to a breach that saw hackers make off with some users’ current email addresses and a database containing older accounts.

The data breach took place between 14 June and 18 June, when as-yet-unknown culprits accessed employee accounts through an SMS intercept attack.

Do you think blockchain tech would prevented this or these types of attacks and protect the consumer better? Comment below!


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How to Check If Your Facebook Data Was Shared With Cambridge Analytica

Facebook’s data privacy scandal, kicked off by Cambridge Analytica revelations late last month, is far from dying out. CEO Mark Zuckerberg is set to testify to US Congress on Tuesday and Wednesday, while other executives have begun doing the rounds of various regulators in Europe. Facebook had revealed that data of 87 million users had been shared, a number that was significantly larger than the original 50 million estimate. Amongst those, over 5 lakh users were from India.

The social network had last week promised it would notify all those users whose data had been improperly shared with Cambridge Analytica, starting April 9. However, those notifications appear to be slow to roll out. In the meanwhile, Facebook has released a tool that shows whether you were amongst those who were affected – specifically, by the This Is Your Digital Life app used by Cambridge Analytica.

To see if you were one of those whose data was improperly shared with Cambridge Analytica, you need to visit this Facebook Help Centre page. Titled ‘How can I tell if my info was shared with Cambridge Analytica?’, the page clearly explains the process to check.

A box is seen on the page, titled ‘Was my information shared?’, and within that lies the answer you’re looking for. If like us, you weren’t affected, you will be informed that “neither you nor your friends have logged into ‘This Is Your Digital Life’. As a result, it doesn’t appear your Facebook information was shared with Cambridge Analytica by ‘This Is Your Digital Life’.” Needless to say, you need to be logged in to Facebook to see the answer.

If in case your friend was affected – i.e., they used the This Is Your Digital Life app, some of your data would also have been improperly shared with Cambridge Analytica. The Facebook Help Centre page will mention this, however, it will not reveal who that friend is, presumably to prevent backlash. The company points both affected and unaffected users to another page where they can check and update the information they share with apps and websites.

To recall, Facebook last week silently added a bulk app removal tool that let users select multiple apps in one go to remove, rather than one at a time. This is useful to disconnect those third-party apps from your Facebook account that might be leaking your data.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Gadgets 360 Staff
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