The largest social network in the world is facing the risk of receiving bill of billions of dollars after the impact of 90 million accounts.
According to the Wall Street Journal, on October 30, the European Union authorized the Irish Information Security Commission to investigate the attack on Facebook, which affected 90 million users.
"We think the vulnerability has come out sooner, particularly on Tuesday, and the number of users affected is likely to be higher than the number reported." But Facebook seems unworkable. radical issues, "the Information Security Committee said.
SiliconAngle CEO CloudInc Pravin Kothari said the attack on Facebook was the biggest challenge to the EU's GDPR (General Data Protection Act).
The vulnerability associated with the "view as" feature that allows hackers to seize access to user account tokens raises many questions about the real motives of the perpetrators. On the other hand, there is no accurate information as to whether the victims of the 90 million victims are EU citizens and how the GDPR law will be implemented.
"The sale of information to Camridge Analytica has not been resolved, and Facebook has made more mistakes, and the GDPR has not yet calculated the specific penalty because of the information Facebook has made about the causes and damages of the attack. It is completely obscure, "Pravin said.
According to the GDPR, companies that are hacked by hackers who can not afford to secure their customers will be fined a minimum of $ 23 million, or 4% more than their closest earnings last year. Meanwhile, combined with a percentage of Facebook profits in 2017, the world's largest social network risk of receiving fines of up to $ 1.63 billion.
"For a large platform like Facebook, security holes are unavoidable, but the size of the attack is not as severe as the Cambridge Analytica scandal," said Chester Wisniewski, chief professor. of Sophos Group Inc..
Facebook and Cambridge Analytica have caused one of the largest user data scandals so far in March. Cambridge Analytica is licensed by Facebook for the use of user information but is misused. These figures are used to target political ads, which strongly impact on the results of the 2016 US election.
According to the Washington Post, Facebook has to pay a fine of £ 500,000, equivalent to $ 15.2 billion.