• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Techcambridge analytica

A Facebook Fine for the Cambridge Analytica Scandal May Not Be Big—But It Sends a Big Message

By
David Meyer
David Meyer
Down Arrow Button Icon
By
David Meyer
David Meyer
Down Arrow Button Icon
October 25, 2018, 7:09 AM ET

The U.K.’s privacy regulator has hit Facebook with a non-whopping £500,000 ($645,000) fine over its part in the Cambridge Analytica scandal.

The Information Commissioner’s Office (ICO) warned Facebook back in July that it was planning to issue the fine. Facebook (FB) then tried to have the fine reduced, but it failed, and on Thursday the ICO announced it was standing its ground.

“We considered these contraventions to be so serious we imposed the maximum penalty under the previous legislation,” said Information Commissioner Elizabeth Denham.

A researcher named Aleksandr Kogan used his access to Facebook to harvest the details of up to 87 million people around the world, then shared some of this information with organizations including the SCL Group, the parent company of political consultancy Cambridge Analytica. Privacy advocates had warned Facebook about allowing this sort of access previously, but it only changes its rules in 2014.

If you’re wondering why the fine was so small, the clue lies in the “previous legislation” part of Denham’s quote.

The fearsome EU General Data Protection Regulation (GDPR), which allows fines of up to 4% of a company’s global revenues, only came into effect in May this year. Facebook’s illegal actions—allowing application developers access to users’ personal data without the users’ proper consent—occurred between 2007 and 2014, when the U.K. Had weaker privacy legislation with lower potential fines.

“The fine would inevitably have been significantly higher under the GDPR,” said Denham.

However, the regulator also noted that the ICO’s enforcement actions aren’t just about monetary fines (the cash goes to the U.K. Treasury, in case you’re wondering) but also about making companies change their ways.

Facebook said in a statement that it disagreed with some of the ICO’s findings, but it has “said before that we should have done more to investigate claims about Cambridge Analytica and taken action in 2015.” Facebook only suspended Cambridge Analytica and SCL from the social network this year, after the scandal broke.

“Our work is continuing,” said Denham. “There are still bigger questions to be asked and broader conversations to be had about how technology and democracy interact and whether the legal, ethical and regulatory frameworks we have in place are adequate to protect the principles on which our society is based.”

About the Author
By David Meyer
LinkedIn icon
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.