Well, it’s a start at least.
Courtesy of The Guardian:
Facebook is to be fined £500,000, the maximum amount possible, for its part in the Cambridge Analytica scandal, the information commissioner has announced.
The fine is for two breaches of the Data Protection Act. The Information Commissioner’s Office (ICO) concluded that Facebook failed to safeguard its users’ information and that it failed to be transparent about how that data was harvested by others.
“Facebook has failed to provide the kind of protections they are required to under the Data Protection Act,” said Elizabeth Denham, the information commissioner. “Fines and prosecutions punish the bad actors, but my real goal is to effect change and restore trust and confidence in our democratic system.”
It has been pointed out that Facebook actually makes about this much every seven minutes, so it is unlikely they will see this as a hardship.
However, CNBC is reporting that it is likely that the FTC will end up fining the social media giant a whopping 5 billion dollars so that might actually leave a mark.
I have no idea if any of this is going to teach Facebook to have more respect for their user’s privacy, but if it fails to do so perhaps it is time for a mass exodus.