Facebook to pay $5bn fine as regulator settles Cambridge Analytica complaint
by Rob Davies in London and Dominic Rushe in New York from Technology | The Guardian on (#4KTKB)
Penalty by US government reflects scale of breach, first reported by the Observer
Facebook will pay a record $5bn (4bn) penalty in the US for "deceiving" users about their ability to keep personal information private, after a year-long investigation into the Cambridge Analytica data breach.
The Federal Trade Commission (FTC), the US consumer regulator, also announced a lawsuit against Cambridge Analytica and proposed settlements with the data analysis firm's former chief executive Alexander Nix and its app developer Aleksandr Kogan.
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