Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk //

Compliance

7/22/2019
10:00 AM
Steve Zurier
Steve Zurier
Slideshows
Connect Directly
Twitter
RSS
E-Mail

6 Actions That Made GDPR Real in 2019

In the wake of recent fines levied against British Airways, Marriott, and Facebook, companies are starting to take data privacy and security more seriously.
7 of 7

6. US FTC Reportedly Settles with Facebook for $5B over Cambridge Analytica Scandal

The Federal Trade Commission (FTC) and Facebook reached a settlement about 10 days ago over the Cambridge Analytica privacy scandal that occurred during the 2016 presidential election, according to reports in The Wall Street Journal and other news sites. The $5 billion fine ranks as the largest against a tech company in FTC history considerably larger than the $22.5 million hit Google with in 2012, also for issues with privacy practices.

"Facebook has a much larger challenge with data-sharing practices, including accounting for what data is collected, why is it collected, and who it is sold to," says Steve Schlarman, GRC strategist at RSA. "This is different and much more complex than a vulnerability on a commerce website for example, how the British Airways breach seems to have occurred. Facebook's challenges extend into their data-sharing ecosystem, which we saw with the Cambridge Analytica scenario, a third-party cyber-risk."

The FTC approved the fine along party lines, with three Republicans voting "yes" and two Democrats voting "no." Congressmen from both sides of the aisle said the fine was a "slap on the wrist," calling instead for more structural reform. Analysts pointed out that the $5 billion fine was one month's net income for Facebook, more money than most companies will ever see.

Dark Reading reported the news on July 15.

Image Source: Adobe Stock: Scott Maxwell

7 of 7
Comment  | 
Print  | 
Comments
Newest First  |  Oldest First  |  Threaded View
DHorse2
50%
50%
DHorse2,
User Rank: Strategist
9/5/2019 | 5:21:58 PM
Let's all say it together...
The $5 billion fine... How much? The $5 billion fine. Dollars?... Yeah... Dollars...sigh.
COVID-19: Latest Security News & Commentary
Dark Reading Staff 6/5/2020
How AI and Automation Can Help Bridge the Cybersecurity Talent Gap
Peter Barker, Chief Product Officer at ForgeRock,  6/1/2020
Cybersecurity Spending Hits 'Temporary Pause' Amid Pandemic
Kelly Jackson Higgins, Executive Editor at Dark Reading,  6/2/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: What? IT said I needed virus protection!
Current Issue
How Cybersecurity Incident Response Programs Work (and Why Some Don't)
This Tech Digest takes a look at the vital role cybersecurity incident response (IR) plays in managing cyber-risk within organizations. Download the Tech Digest today to find out how well-planned IR programs can detect intrusions, contain breaches, and help an organization restore normal operations.
Flash Poll
New Best Practices for Secure App Development
New Best Practices for Secure App Development
The transition from DevOps to SecDevOps is combining with the move toward cloud computing to create new challenges - and new opportunities - for the information security team. Download this report, to learn about the new best practices for secure application development.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-13864
PUBLISHED: 2020-06-05
The Elementor Page Builder plugin before 2.9.9 for WordPress suffers from a stored XSS vulnerability. An author user can create posts that result in a stored XSS by using a crafted payload in custom links.
CVE-2020-13865
PUBLISHED: 2020-06-05
The Elementor Page Builder plugin before 2.9.9 for WordPress suffers from multiple stored XSS vulnerabilities. An author user can create posts that result in stored XSS vulnerabilities, by using a crafted link in the custom URL or by applying custom attributes.
CVE-2020-11696
PUBLISHED: 2020-06-05
In Combodo iTop a menu shortcut name can be exploited with a stored XSS payload. This is fixed in all iTop packages (community, essential, professional) in version 2.7.0 and iTop essential and iTop professional in version 2.6.4.
CVE-2020-11697
PUBLISHED: 2020-06-05
In Combodo iTop, dashboard ids can be exploited with a reflective XSS payload. This is fixed in all iTop packages (community, essential, professional) for version 2.7.0 and in iTop essential and iTop professional packages for version 2.6.4.
CVE-2020-13646
PUBLISHED: 2020-06-05
In the cheetah free wifi 5.1 driver file liebaonat.sys, local users are allowed to cause a denial of service (BSOD) or other unknown impact due to failure to verify the value of a specific IOCTL.