FIRST AIRED: July 11, 2018

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Transcript

00:00:01
>> Facebook faces an unprecedented fine from Britain's data watchdog. Information regulator Elizabeth Denham says she intends to take action over breaches of data protection law. Her office is being investigating how millions of users personal information was improperly access by consultancy Cambridge Analytica. That firm was hired by Donald Trump for his campaign to win the US presidency.
00:00:26
For the multi-billion tech firm, a penalty of about $600,000 might not seem much. But significantly it's the maximum fine the watchdog can impose. Denham says Facebook broke the law by failing to safeguard people's data, and hadn't been transparent about how the data was harvested. Company CEO Mark Zuckerberg has so far refused to face British lawmakers for questioning.
00:00:51
>> Senator.>> But the issue has gained global interest, with the increasing importance placed on data in political campaigning. Earlier this year Zuckerberg did appear before US and EU lawmakers, but in Brussels at least he was able to avoid serious grilling. Facebook now has time to respond to the UK's Information Commission before a final decision is taken.
00:01:13
Even if it doesn't dent the firms finances, the end ruling could spell more negative headlines for a company desperately trying to avoid them.