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Australia sues Facebook over Cambridge Analytica, fine could scale to $529BN

Australia’s privacy watchdog is suing Fb over the Cambridge Analytica wisdom breach — which, once more in 2018, turn out to be a world scandal that wiped billions off the tech massive’s share price however most simple led to Fb opting for up a $5BN FTC super. Must Australia succeed in its pass smartly with aga…
Australia’s privacy watchdog is suing Facebook over the Cambridge Analytica data breach — which, back in 2018, became a global scandal that wiped billions off the tech giant’s share price yet only led to Facebook picking up a $5BN FTC fine. Should Australia prevail in its suit aga…

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Original article
Author: Natasha Lomas

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Natasha Lomas has recently written 11 articles on similar topics including :
  1. "Following the landmark CJEU Schrems II ruling in July, which invalidated the four-year-old EU-US Privacy Shield, European data protection regulators have today published 38-pages of guidancefor businesses stuck trying to navigate the uncertainty around how to (legally) transfer perso". (November 11, 2020)
  2. "Facebook is firing up its lawyers to try to block EU regulators from forcing it to suspend transatlantic data transfers in the wake of a landmark ruling by Europes top court this summer". (September 11, 2020)
  3. "Facebooks lead data supervisor in the European Union has opened an investigation into whether the tech giant violated data protection rules vis-a-vis the leak of data reported earlier this month". (April 14, 2021)
  4. "Some more internal emails Facebook really doesnt want you to see: Turns out in 2017 COO Sheryl Sandberg had already known for years there were problems with a free ad planning tool the company offers to marketeers to display estimates of how many people campaigns running on its platform may ". (February 18, 2021)
  5. "A Facebook -funded body that the tech giant set up to distance itself from tricky and potentially reputation-damaging content moderation decisions has announced the first bundle of cases it will consider". (December 1, 2020)
  6. "Remember the app audit Facebook founder Mark Zuckerberg promised to carry out a little under three years ago at the height of the Cambridge Analytica scandal? Actually the tech giant is very keen that you dont". (January 26, 2021)
  7. "Facebooks head of global policy has denied the tech giant could close its service to Europeans if local regulators order it to suspend data transfers to the US following a landmark Court of Justice ruling in July that has cemented the schism between US surveillance laws and EU privacy rights". (September 23, 2020)
  8. "The European Union may investigate Facebooks $1BN acquisition of customer service platform Kustomer after concerns were referred to it under EU merger rules". (April 6, 2021)
  9. "Last months ruling by the Court of Justice of the European Union (CJEU), ripping up the EU-US Privacy Shield and sewing doubt over alternative mechanisms, has put a cat among the pigeons of international data transfers". (August 26, 2020)
  10. "Potential threats to the free flow of GIFs continue to trouble the U.K.s competition watchdog". (April 1, 2021)
  11. "Austrias Supreme Court has dismissed Facebooks appeal in a long running speech takedown case ruling it must remove references to defamatory comments made about a local politician worldwide for as long as the injunction lasts". (November 12, 2020)
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