Meta to set up $50M privacy payment scheme to settle Australian proceeding

Date:

Share post:


Meta has agreed to a $50 million payment program to settle a long-running proceeding in Australia related to misuse of information for political ad targeting, the country’s information watchdog OAIC announced Tuesday.

The settlement concerns the 2018 Cambridge Analytica scandal, when data on millions of Facebook users was exfiltrated without their knowledge or consent by a developer on its platform. The OAIC sued Facebook in March 2020 — pursuing damages for the 300,000+ local users believed to have been caught up in the data heist.

A long legal process followed, but Meta has now agreed to an enforceable undertaking that ends civil penalty proceedings. Although, not for the first time vis-à-vis this matter, Meta is not admitting liability.

Under the settlement, the company has agreed to establish a payment program for eligible Facebook users who “may have suffered loss or damage as a result of interferences with their privacy”.

In a statement, information commissioner Elizabeth Tydd said the settlement is “the largest ever payment dedicated to addressing concerns about the privacy of individuals in Australia” — giving “potentially affected Australians an opportunity to seek redress” while ending a “lengthy court process”.

While Meta spokesman Matthew Pollard claimed the company had settled on a “no admissions basis, as it is in the best interest of our community and shareholders that we close this chapter on allegations that relate to past practices no longer relevant to how Meta’s products or systems work today”.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

The Vision Pro is getting Apple Intelligence in April

Apple Intelligence is heading to the Vision Pro, as part of an upcoming operating system update. Apple...

How automotive exec Crystal Brown founded CircNova, an AI drug discovery biotech

Tiny Michigan biotech startup CircNova has raised a $3.3 million seed round for its technology that uses...

Apply to Speak at TechCrunch Sessions: AI before the deadline

AI Innovators, seize your moment! Have insights that could inspire 1,200 AI founders, investors, and enthusiasts eager...

Three reasons every founder and VC should be at TechCrunch All Stage 2025

From idea to IPO — where are you on your startup journey? Are you a pre-seed founder seeking...

OpenAI rolls out its AI agent, Operator, in several countries

OpenAI said on Friday that it is rolling out Operator, its so-called AI agent that can perform...

Rivian will launch hands-off highway driver assist ‘in a few weeks’

Rivian said Thursday it plans to launch a hands-off version of its driver assistance system for highway...

Solar crushed 2024, but emissions were up as industry used more natural gas

The U.S. invested a record-breaking $338 billion in the energy transition last year, according to a new...

6 new tech unicorns were minted in January 2025

Despite a still tight venture capital market, new unicorns are still being created every month. Using data from...