Record fine of Facebook $500 million

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US Federal Trade Commission (FTC) fined $ 500 million for stealing of billions of personal information.

The UK-based political consultancy firm Cambridge Analytica has taken the information from 2014. According to the BBC, FTC came in the investigation since March last year after getting allegations of data corruption and misusing of about 81 million users.

The Wall Street Journal, citing sources unwilling to disclose the names, on Friday said the commissioners of the regulatory body were fined $ 500 million in Facebook’s failure to protect the confidentiality of personal information. The subject of this penalty is approved by 3-2 votes. Democrats were against this penalty but Republican commissioners were in favor of this fine, sources said. Later, other US media also gave the same information. There is no comment on these reports by FTC and Facebook.

Although the regulatory body fined, the civil division of the US judiciary will now make a final decision on this matter.

It is unclear how long the decision will take. Ultimately, if the $ 500 million fine is forced, then it will be the highest fine imposed by FTC on any technology organization.

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