Facebook could face fines $40.7 billion under the EU's GDPR rules if it found it did not sufficiently protect users' data after a security breach last week gave hackers access to 50 million accounts. Even though less than 10% of the vulnerable accounts were in the EU, fines depend on what data was stolen and how it may be misused could total as much as 4% of Facebook's annual revenue. The breach, which saw bugs in profile, privacy and video uploading features, was discovered by the company Tuesday 25 September and was disclosed to regulators on Friday 28 September.
Facebook could face fines up to $1.63bn under the EU's GDPR rules if it found it did not sufficiently protect users' data after a security breach last week gave hackers access to 50 million accounts. Even though less than 10% of the vulnerable accounts were in the EU, fines depend on what data was stolen and how it may be misused could total as much as 4% of Facebook's annual revenue. The breach, which saw bugs in profile, privacy and video uploading features, was discovered by the company Tuesday 25 September and was disclosed to regulators on Friday 28 September.