Published: Sat, April 14, 2018
Money | By Armando Alvarado

Facebook under fire for Cambridge Analytica data leak

Facebook under fire for Cambridge Analytica data leak

It required the founder of Facebook to provide the government information on how the personal data of the 1.8 million affected Filipino users was shared to unauthorized third parties.

"Yes or no", asked Sen.

CNBC reports that both the London-based elections consultancy and Facebook are at the center of an ongoing dispute regarding the alleged harvesting and use of personal data. "We don't do that". Facebook will now approve, at its own end, all apps that require access to any user data such as posts, check-ins and more. Many developers, McNamee said, were dipping into users friends lists to reach new people, and that fed directly into Facebooks business plan. In his opening remarks at US Congress, he said: "Facebook is an idealistic and optimistic company". Facebook has said it may take legal action against Cambridge Analaytica, whose CEO stepped down during the second day of testimony of congressional hearings, and updated its developer platform so that outside coders could no longer obtain as much user data as they once could by building Facebook apps.

The interesting question, however, is whether Facebook itself plans to make use of this, and here Mr Zuckerberg was less than entirely candid or open. But part of the problem with online privacy is most people don't know when it matters, she said. Even Zuckerberg said regulation of his industry is "inevitable". In some instances, they anxious that Facebook wasn't taking down harmful content fast enough, like fake profiles of people who are stealing pictures from real people, as well as posts seeking to recruit for terrorist ideologies.

Over the two days, the value of Zuckerberg's stake in Facebook grew about $US3 billion ($NZ4 billion).

Talking Investment Methodology About Twenty-First Century Fox, Inc. (FOXA)'s Stock
Earnings per Share (EPS) are the part of a company's profit allocated to respectively outstanding share of common stock. The institutional investor owned 460,736 shares of the company's stock after selling 44,946 shares during the quarter.

"He didnt answer – and Facebook has never answered – whether Facebook will retain all the data that was collected before a child was 13 and use it for advertising purposes once a child turns 13", Golin said. On average, how many data points does Facebook have on each Facebook user? We have updated the story with the additional information.

In the archive is a variety of information that isn't surprising to find - when a user has logged into Facebook, their posts and messages. British lawmakers also plan to interrogate executives at Cambridge Analytica. And what should also be clear after the hearings is just how little care social media giants have taken to construct products that are hard for bad actors to exploit.

Facebook and Britain's Information Commissioner's Office is still investigating the Cambridge Analytica brief. The European Union has set a great example with the upcoming General Data Protection Regulation: every internet user has the right to know when their data changes hands or is subject to a breach, and has the right to be forgotten.

Other internet companies log and analyze user data to improve product design, customer retention, and initiatives that help them earn revenue.

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