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The biggest penalty on the tech company: Facebook will have to pay Rs 34 thousand crores in the data leak case

The US Federal Trade Commission has recommended a penalty of 5 billion dollars or about 34 thousand crores in the Facebook data leak case. It will be the biggest fines on any technology company, before 2012, Facebook imposed a fine of $ 22 million (Rs 154 crore) on Facebook. Facebook was accused of leaking data of 85 million users.

The US Federal Trade Commission has approved this fine with 3-2 votes. But it is necessary to get approval from the Department of Justice before getting this clearance. At the beginning of this year, Facebook had also estimated to be fined $ 500 to $ 500 million for legal settlement on ‘user data behavior’. 

Facebook is accused of leaking data to British consultancy firm Cambridge Elantica, and in this case, Facebook CEO Mark Zuckerberg has had a muscle in the American parliament. In 2018, there was a stir in the whole world after reports of Facebook leaked Facebook to Cambridge Analytica, a London-based political consultancy firm. After this many investigations were done and Facebook CEO Mark Zuckerberg also apologized for it. Political consultant company Cambridge Analytica worked for Donald Trump’s election campaign in 2016. 

At the same time, this case will be sent to the civil division of the US Department of Justice for review, where its approval will be taken. It is still difficult to estimate how long it will take. When this case was open, Facebook had said that it was not aware of the data theft of Cambridge Analytica , but later it was revealed that Facebook was fully aware of the data theft of users by Cambridge analytics, but the company Kept pressed.

The British newspaper Observer claimed in his report that Facebook was fully aware of the matter and there was also a meeting between Facebook officials about Cambridge Analyte too. This meeting took place between Facebook’s board member Mark Andraseen and Cambridge Analyst official Christopher Wiley. 

It is worth mentioning that about 8.7 million users of Facebook had been revealed to steal the data on Cambridge Analytica. The Federal Trade Commission (FTC), investigating Facebook’s data leak case, had said that Facebook violated Safeguard users’ privacy rules in 2011. 

The world’s largest social media network Facebook is facing inquiries and inquiries in the United States and other countries in violation of the privacy of users. In the beginning of July, the German government on Facebook had alleged that Facebook was showing content with illegal content in Germany, which is in violation of Internet Transparency Law, after which Athletes paid 2.3 million dollars (about Rs. 15 million 83 lakh) on Facebook. Fines have been imposed.

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Written by Techreload

Techreload is a leading online destination for news and commentary focused on the mobile and general consumer electronics markets.

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