Australia sues Facebook over Cambridge Analytica, fine could scale to $529BN

Australia’s privacy watchdog is suing Facebook over the Cambridge Analytica data breach — which, back in 2018, became a global scandal that wiped billions off the tech giant’s share price yet only led to Facebook picking up a $5BN FTC fine. Should Australia prevail in its suit against the tech giant the monetary penalty could be exponentially larger.
Read more: https://techcrunch.com/2020/03/09/australia-sues-facebook-over-cambridge-analytica-fine-could-scale-to-529bn/?source=Snapzu