Published by mdholidayshow.com
Dec 23, 2022
Meta has agreed to pay $725 million to settle legal action stemming from a data breach linked to political consulting firm Cambridge Analytica.
credits: unsplash
The long-running case accused Facebook of granting third parties, including the British business, access to Facebook users' personal information.
credits: unsplash
According to lawyers, the proposed settlement is the largest in a US data privacy class action.
credits: unsplash
Meta, which did not admit wrongdoing, stated that it has "revamped" its privacy policies over the previous three years.
credits: unsplash
"So Meta probably won't be too unhappy with this deal, but it does stand as a warning to social media companies that mistakes can prove very costly indeed."
credits: unsplash
The case was brought on behalf of a huge proposed class of Facebook users whose personal data was released to third parties without their consent on the social network.
credits: unsplash
According to tech author James Ball, that Meta had to agree to a significant pay-out, but it was "not that much" money to the tech giant.
credits: unsplash