Federal Facebook Probe Now Includes FBI, SEC: Report (apnews.com)

Posted by msmash on Tuesday July 3, 2018 @03:31AM from the tussle-continues dept.

A federal probe into Facebook's sharing of user data with Cambridge Analytica now involves the FBI, the Securities and Exchange Commission and the Justice Department, a report said. AP: Representatives from these agencies have joined the Federal Trade Commission in the inquiry, The Washington Post reported, citing five unnamed people familiar with the matter. The probe reportedly centers on what Facebook knew in 2015, when it learned that the political data-mining firm Cambridge Analytica had improperly accessed the personal data of tens of millions of Facebook users. Facebook didn't disclose the incident with the political firm, which later worked for the Trump campaign and other Republican candidates, until this March.

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Re:Good. Burn them all by ausekilis · 2018-07-03 03:42 · Score: 4, Insightful

As much as I'd love to see a good witch burning, I think a more realistic expectation isn't fire or even jail time. It'll be a couple million dollar fine and a shameful finger wave.
If and until fines become greater than profits for corporations bad behavior, this cycle of crap will continue.