Facebook might get fined for $1.63 billion by European privacy regulators over latest data breach. The social networking giant on Friday admitted that hackers broke into nearly 50 million users’ accounts by stealing their ‘access tokens’ or ‘digital keys’.
This security lapse is considered as the biggest-ever security breach after Cambridge Analytica scandal. According to a WSJ report (via Fortune), European privacy regulators are considering up to $1.63 billion of fine on Facebook for this data breach.
Data Protection Commission (DPC) Ireland, which is the lead privacy regulator in Europe, is seeking more information from Facebook about the data breach’s scope. The DPC has also asked for information on users from Europe that were impacted in this breach.
The DPC in an email statement to WSJ said it is “concerned at the fact that this breach was discovered on Tuesday and affects many millions of user accounts but Facebook is unable to clarify the nature of the breach and the risk for users at this point.”
A Facebook spokeswoman has responded to Journal‘s report and said that Facebook will answer the DPC’s questions, as well as provide regulators with further updates.
Facebook’s CEO Mark Zuckerberg has already reacted on the data breach and said “While I’m glad we found this, fixed the vulnerability, and secured the accounts that may be at risk, the reality is we need to continue developing new tools to prevent this from happening in the first place.”
The company has claimed that this vulnerability impacted users who used the site’s popular “View As” feature to see how their Facebook profile page looks to visitors, but none of the users’ passwords were revealed in the breach.