Europe's leading security regulator is examining whether Facebook broke the law in its dealing with a leak of over 533 million people's phone numbers and individual information. Ireland's Data Protection Commission declared it had opened an investigation into the social media giant on Wednesday.
In the event that Facebook is found to have violated the EU's data rules, it may face a monetary fine of up to 4% of its $86 billion worldwide income. The personal data of over 533 million Facebook users were dumped online without charge in a hacking forum prior to this month.
The information included phone numbers that users didn't make public on their Facebook profiles. In which were scratched by cybercriminals in infringement of Facebook's terms of service.
A Facebook representative said in an explanation that the company is "cooperating fully" with the investigation. Included in that the DPC is examining a now-patched vulnerability in a Facebook tool that made it possible to accumulate data around a Facebook user by entering their phone number.
Apply Now. Hodler Capital Group will build your business website. We will show you how to establish business credit and access business financing with one on one support. Contact us now and start building your business for the future.