referring to New York (CNN Business) Facebook could be facing a multi-billion dollar fine after a European regulator announced Friday that it is launching an investigation into the company over failure to protect user privacy. The Irish Data Protection Commission, which oversees Facebook's compliance with European law confirmed to CNN on Friday it launched a "statutory inquiry" into Facebook after receiving multiple reports of data breaches affecting the company. News of the inquiry came just as Facebook announced that it had exposed photos from up to 6.8 million users. The inquiry is the result of new powers given to the Irish data regulator as a result of the General Data Protection Regulation (GDPR), a European regulation that came into effect in May. Because Facebook's European headquarters is in Dublin, it must under GDPR inform the Irish data regulator within 72 hours of discovering a breach.
collected by :Roy Mark
Facebook stock posts worst day since July after latest report on data access
The report said that Facebook allowed Netflix Inc. NFLX, -1.54% and Spotify Technology SA SPOT, -1.53% to read users' private messages. A Spotify spokeswoman said in that the past, users could share music with their friends and add text that was visible to Spotify, but this feature has since been disabled. "We have no evidence that Spotify ever accessed users' private Facebook messages," the spokeswoman said. A Netflix spokeswoman said "at no time did we access people's private messages on Facebook, or ask for the ability to do so." The stock posted its second-worst day in 2018, behind a 19% decline on July 26 when the company issued a disappointing outlook.Facebook collects user data from apps like Tinder, OKCupid and others
according to Facebook's SDK allows developers to access Facebook Analytics and let their users log in with their Facebook credentials, and Facebook says in its policies that it can collect information through third-party apps that use its SDKs and APIs. Mobilsicher says that as long as you've logged into Facebook on your mobile device at least once -- whether that be via a browser or through the Facebook app -- Facebook can link your Advertising ID to your profile. The findings follow a recent New York Times report that detailed how extensively Facebook shared user data with companies like Apple, Netflix and Spotify, and it's sure to add to the privacy concerns that Facebook has repeatedly stoked over the past year. Facebook's many 2018 privacy infractions include the Cambridge Analytica scandal, a security bug that affected millions of users and a Photo API bug that gave third-party apps access to Facebook users' unposted photos. While maybe not as egregious as some of Facebook's other issues, Mobilsicher's findings highlight, yet again, just how little control users have over their information and what Facebook does with it.collected by :Roy Mark
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