Facebook's Growing Concerns Over Data Privacy And Security Issues - The Daily Scroll

Data Governance, PrivacyandSecurity: The incident of Cambridge Analytica and Facebook — mentioned above — has prompted some growingconcerns about the dataprivacyanddata governance at Facebook. Facebook owner Meta has agreed to pay $725m (£600m) to settle legal action over a data breach linked to political consultancy Cambridge Analytica. The long-running dispute accused the social media giant of allowing third parties, including the British firm... Nearly 50m Facebook accounts were compromised by an attack that gave hackers the ability to take over users’ accounts, Facebook revealed on Friday. The breach was discovered by Facebook engineers on Tuesday 25 September, the company said, and patched on Thursday. Live news, investigations, opinion, photos and video by the journalists of The New York Times from more than 150 countries around the world. and international news, politics, business, technology, science, health, arts,... Immediately, Facebook’s stock price fell and boycotts began. Zuckerberg was called to testify before Congress, and a year of contentious international debates about the privacy rights of consumers online commenced. On Friday, Kogan filed a defamation lawsuit against Facebook. We believe the data in question was scraped from people’sFacebook profiles by malicious actors using our contact importer prior to September 2019. This feature was designed to help people easily find their friends to connect with on our services using their contact lists. Driven by data proliferation, digital technologies have transformed the marketing landscape. In parallel, significant privacyconcerns have shaken consumer–firm relationships, prompting changes in both regulatory interventions and people’s own privacy-protective behaviors. Despite assertions by some nations that data localization mandates are needed to protect national security, policies restricting the flow of data in fact have negative security impacts.