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Facebook agrees to pay a fine over Cambridge Analytica

Facebook has agreed to pay a fine of £ 500,000 ($ 645,000) imposed by the Office of the Commissioner for Information of the United Kingdom, which found that the company was failing to protect the consumer data collected by the company for Cambridge Analytica political data. Facebook will not acknowledge any liability under the agreement.
The regulator issued a small fine last year, but Facebook appealed the decision. The ICO and Facebook ( FB ) announced on Wednesday that an agreement has now been reached.

Facebook and its CEO, Mark Zuckerberg, face intense scrutiny after Cambridge Analytica obtained the personal data of a total of 87 million Facebook users.

  I was a senior executive at Cambridge Analytica. This taught me a difficult lesson in public trust.

Facebook will also be granted access, within the agreement, to documents obtained by the United Kingdom Government from Cambridge Analytica, which the company said, that it will use to further investigate the problem.

Harry Kinmont, an associate with Facebook's General Board, said in a statement that the company wanted him "to do more to investigate claims by Cambridge Analytica in 2015" and that it had made "major changes".

"Protecting people's information and privacy is a top priority for Facebook and we continue to build new controls to help people protect and manage their information," Kinmont said.

  Facebook officials had concerns about "schematic and # 39; Cambridge Analytica a year before the 2016 elections.

ICO Deputy Commissioner James Dippel-Johnstone said in a statement that protection of personal data is "essential" to " maintaining a strong democracy "

" We are pleased to hear that Facebook has taken and will continue to take significant steps to comply with the basic principles of data protection, "he added.

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