Digital Security
With revelations that the political advertising company Cambridge Analytica mined millions of Facebook accounts without users’ consent, Facebook Inc. may be subject to a British investigation that could lead to fines as high as £500,000 ($700,000). While the company also faces potential U.S. sanctions, in Europe the timing works out in Facebook’s favor: If the scandal had happened two months from now, it might have been covered by a new European law that allows penalties as high as 4 percent of a company’s global revenue, or in Facebook’s case, more than $1.5 billion.
for Bloomberg Businessweek
3.21.2018