May 30, 2020

Irish regulator 'following up' with Facebook on third party data use

21 Marcha 2018, 01:55 | Verda Sainz

Irish regulator 'following up' with Facebook on third party data use

Irish regulator 'following up' with Facebook on third party data use

She also questioned whether Cambridge Analytica was involved in Russia's alleged attempt to influence the election - something the company strongly denies.

"We were able to design and deploy messages tailored to these audiences according to their particular psychographic profiles".

Shares of Snap Inc and Twitter Inc also fell. Top leadership at Facebook apparently thought it would look bad to have Stamos jump ship while the ship was on fire. The man who blew the whistle - former Research Director Chris Wylie - has since been suspended from using Facebook, WhatsApp and Instagram in retaliation for making the data breach public. The 2011 settlement had involved Facebook promising that it would get user consent over certain privacy matters, that itself settling accusations that it was getting data beyond privacy settings that users had in place.

In May 2014, access to friends data was restricted by Facebook in a platform upgrade, the DPC said. "It is just the tip of the iceberg".

Blockchain will not solve the world's problems, but perhaps it can deliver on some of the goals that our current internet has failed to achieve. Facebook doesn't give instructions on how to best reach out the app. Cambridge Analytica has been previously accused of using its methods during the Brexit campaign and US presidential election.

Basically, a Cambridge University researcher developed a Facebook app that contained a personality test, and 270,000 took the test. Facebook's policies allowed the app to collect as many of these test-takers' Facebook friend as well, which is shocking.

According to the Buttarelli, the ease of gathering and storing large volumes of data "generates massive amounts of digital advertising revenue, the vast majority of which, and the resulting power, is vested in a small number of companies which dominate the digital field".

The Federal Trade Commission is investigating Facebook's use of people's personal data, Bloomberg and The New York Times reported on Tuesday.

The micro-targeting of social media users with political advertisements is "an ongoing issue", it added.

Comments Mr Nix made to an undercover reporter for Britain's Channel 4 News and other allegations of wrongdoing were cited as reasons for the action by the board. His indictment suggests the Russian-backed organization ran several Facebook pages dedicated to fanning division on both sides of the political spectrum, with names such as "Blacktivist", "Trumpsters United", "South United" and "Secured Borders".

Robert Mueller, the special counsel appointed to investigate Russian meddling in the U.S. election, indicted 13 Russians last month in connection with those politically-charged Facebook ads. "We take any allegations of violations of our consent decrees very seriously as we did in 2012 in a privacy case involving Google", an FTC spokesman said.

New Democrat MP Charlie Angus said Monday that if information giants like Facebook have the potential to distort the outcome of elections, they need to be held to account.

The London-based data analysis firm worked on President Donald Trump's campaign. He said the company had committed a "catastrophic failure of process", and called on Facebook to send a senior executive with "sufficient authority to give an accurate account".

It follows news that Facebook's staff were themselves attending Cambridge Analytica's offices on Monday night.

Stock indexes finished mostly higher after a day of bouncing around Tuesday as retailers, energy companies and banks recovered some of their losses from the day before, but technology companies struggled as Facebook dropped again.

The chairman of a UK parliamentary committee announced Tuesday he was requesting that Facebook CEO Mark Zuckerberg, who has remained silent for days, appear before the panel to supplement prior testimony by the company's executives. However bear in mind that your data may be less secure sitting on your laptop than it is on Facebook's servers, if your device is hacked.

Market participants largely expect a total of three rate hikes this year, although some have not ruled out the possibility the U.S. central bank will hike four times.

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