Facebook's data breach last week – affecting more than 50 million users – could cost the company a nice dime. If the European Union's supervisory body finds that the company has violated privacy laws, it could be fined $ 1.63 billion.
According to the RPG laws, if the EU concluded that the company had not done enough to protect the data of its users, it could be fined up to 4% of its number global business.
The Irish Data Protection Commission, responsible for protecting privacy against data breach, said the attack had affected fewer than five million users based in the company. 39; EU.
UPDATE data breach Facebook – @DPCIreland understands that the number of potentially affected EU accounts represents less than 10% of the total 50 million accounts potentially affected by the violation of Security. Declaration of DPC Ireland below. #dataprotection #GDPR #EUdataP pic.twitter.com/oSfGy6DP2S
– Commission for Data Protection in Ireland (@DPCIreland) 1 October 2018
Facebook responded by saying that he was working with the agency to provide more information on affected users.
We are working with regulators, including the Irish Data Protection Commission, to share preliminary data on Friday's security issue. As we work to confirm the location of potentially affected people, we plan to release more information soon. https://t.co/Cs1uSMtBNk
– Facebook (@facebook) 1st of October 2018
There is not much information on stolen data to date. However, Facebook stated that the credit card details were not consulted. He added that the vulnerability resulted from three separate bugs introduced over time. The company admitted that data from connected app users such as Instagram, Spotify and Airbnb could also be at stake.
In a call with reporters last week CEO Mark Zuckerberg said that it was a serious problem and that the company had been committed to investing heavily in security.
Facebook is the subject of much attention lately – for many other security issues. We recently learned that the social network shared personal data with advertisers that users never submitted . In addition, he just saw the departure of the co-founders of Instagram after six years at the firm, and the co-founder of WhatsApp Brian Acton, revealed last week its intention to monetize the email service containing ads even before having acquired the online chat application.