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New Cambridge Analytica Leaks Uncover Election Influence In 68 Countries

PYMNTS

However, there was not an official investigation, nor were specific privacy rules handed down to the social media giant. Top executives even received blanket immunity for any known or unknown data violations from 2012 to 2018. . The data scandal has, so far, cost Facebook $5 billion in a Federal Trade Commission (FTC) fine.

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Facebook’s Sandberg Pushes Back On Antitrust Allegations

PYMNTS

Sheryl Sandberg, chief operations officer of Facebook, is pushing back against two antitrust lawsuits filed against the social media giant, CNBC reported on Friday (Dec. The lawsuits filed this week could break up Facebook’s ownership of Instagram, acquired in 2012, and WhatsApp, snapped up in 2014.

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Sansan Lands VC For Business Networking Solution

PYMNTS

Japan-based business card management service Sansan has announced news of fresh venture capital in support of its solution which helps professionals with business information management and networking. The service launched in Japan in 2012. An announcement Monday (Aug.

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Facebook Says It’s Open To New Regulation

PYMNTS

According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” Facebook is “not the same company” even a year ago, with the social media giant already instituting a lot of changes, the executive noted.

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Apple Hires Facebook Critic As Part Of Privacy Team

PYMNTS

According to Financial Times , Parakilas monitored privacy and policy compliance of software developers for Facebook for 18 months before he left in October of 2012. Back then, he had warned executives at the social media company of the potentially damaging impact of Facebook’s data sharing policies.

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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett. These criminals are exploiting new technologies to commit fraud, posting adverts on social media to try and recruit money mules,” he said. Payment terms have been higher, too.

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Auld Lang Syne: Remembering Social Media Milestones

Social Assurance

Though it’s now primarily used as a music and culture site, Myspace was one of the first social media networks that allowed personal profiles. 2010: Instagram launches as a photo and video-sharing social media network. 2012: Facebook buys Instagram for $1 billion. Consider 5-8 (per post, respectively) on Instagram.