Australian regulator: Meta agrees to pay 50 million Australian dollars to settle Cambridge Analytica related privacy lawsuits

Golden Finance reported that the Australian privacy regulator stated that Meta (META.US) has agreed to pay 50 million Australian dollars to settle the long-standing legal battle over the Cambridge Analytica scandal. Australian Information Commissioner Elizabeth Tydd said, "Today's settlement is the largest payment to date dedicated to addressing individual privacy issues in Australia." The British consulting firm Cambridge Analytica was exposed for retaining personal data of millions of Facebook users without permission and using it for political advertising, etc. The Australian Information Commissioner's Office accused Meta of violating privacy laws, and personal information of more than 311,000 Australian users was disclosed to Facebook's personality test application 'This is Your Digital Life' without the users' consent.

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