Cambridge Analytica News

India has the world's largest and youngest internet user base, but does not have any formal legislation to protect our data. Will the Personal Data Protection bill see the light and why is the opposition and internet activists unhappy with way the bill is being introduced in the parliament? Does the Government have unrestricted power as far as data privacy is concerned? Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you. Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg

What is India's #PersonalDataProtection Bill? How will it benefit our daily lives? What are the provisions which might safeguard us from hacks and data theft? Detangle with MINT explains. #dataprotection #personaldata #rajeevchandrasekhar #ashwinivaishnav #narendermodi #monsoonsession #parliament

India has the world's largest and youngest internet user base, but does not have any formal legislation to protect our data. Will the Personal Data Protection bill see the light and why is the opposition and internet activists unhappy with way the bill is being introduced in the parliament? Does the Government have unrestricted power as far as data privacy is concerned?

Facebook owner Meta Platforms Inc has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users' personal information. The proposed settlement, which was disclosed in a court filing recently, would resolve a long-running lawsuit prompted by revelations in 2018 that Facebook had allowed the British political consulting firm Cambridge Analytica to access the data of as many as 87 million users. Let's investigate this legal action in greater depth, and watch this video to learn more specifics about it. #facebook #cambridgeanalytica #news #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze

The FTC ruling prohibits Cambridge Analytica from making misrepresentations about the extent to which it protects users' privacy The ruling has come after Facebook in July agreed to pay record-breaking $5 billion to the FTC as fine

Some of the proposed guidelines have been flagged on grounds of privacyThe need for greater regulation of social media companies stems from the growing feeling that they are not doing enough to curb the misuse of their platforms

Facebook has been dogged by controversy in the wake of revelations that the defunct political consultancy used private data from tens of millions of Facebook users for political targetingCritics slammed the watchdog for handing the social media giant a relatively small fine

Slights noted that Facebook had at the time of the 2015 Cambridge Analytica breach been subject to a US Federal Trade Commission consent decree that required it to bolster its data security measuresThe breach was not revealed until March 2018

South Korean data analytics company firm Rankwave ran apps on Facebook's platformAccording to reports, Facebook's lawsuit centres around Rankwave offering to help businesses build a Facebook authorization step into their apps so they can pass all the user data to Rankwave

The social media giant modified its terms and conditions to better inform users what they are signing up forThe company made the changes after discussions with the commission and European consumer protection authorities