if you thought the cambridge analytica episode was as bad as it gets when it comes to data leaks, think again. in fact, it may have just been the beginning, if a recent filing by Facebook is anything to go by.
Facebook's Cambridge Analytica data scandal, explained
In a filing with the US Securities and Exchange Commission (SEC) on Thursday, Facebook now says it has reason to believe there are more "instances of misuse of user data or other unwanted activity by third parties". The filing further states that the media may discover some of these breaches before the company can complete its own internal investigations. Facebook removed the accounts of some suspicious accounts linked to marketers such as Cambridge Analytica earlier this month.
facebook also warned investors that more such cases of large-scale data breaches could lead to stricter regulations on the company, which could adversely affect its business. "Disclosure of the foregoing could adversely affect user trust and engagement, harm our reputation and brands, and adversely affect our business and financial results," the company said.
"such incidents and activities may include the use of user data in a manner inconsistent with our terms or policies, the existence of fake or unwanted user accounts, election interference, inappropriate ad purchases, activities that threaten people's safety online or offline, or instances of spamming, scraping or spread false information"
