Facebook is to receive the heaviest fine possible from the UK’s data watchdog after it breached the Data Protection Act twice.
The maximum fine the Information Commissioner Office (ICO) is able to impose is £500,000 — a figure that’s pretty minimal compared to Facebook’s net worth of £445bn.
“The ICO’s investigation concluded that Facebook contravened the law by failing to safeguard people’s information,” reads a statement. “It also found that the company failed to be transparent about how people’s data was harvested by others.” Read more…
Read more about this at mashable.com.