Facebook has been no stranger to data breaches, having suffered a few this year too. A few months ago it was fined a mere £500,000 as a result of the Cambridge Analytica scandal that occurred before the European GDPR regulations came into force.
This time, their latest data breach (an internal infrastructure misconfiguration) which potentially exposed the data of over 50 million users will be subject to the penalties imposed by the new law; these fines by the EU could be equal to approx USD $1.6bn.
The latest security breach is the largest Facebook has had, hackers stole access tokens allowing them to take full control of a victim’s account, including logging into third-party applications that use Facebook Login.
There have been official investigations launched by both the Irish and Spanish Governments as it has been calculated that roughly 10% of the 50m users were European Union accounts.