Facebook faces $1.6 billion fine and formal investigation from Irish Data Protection Commission over massive data breach
The Irish Data Protection Commission has opened a formal investigation into a data breach that affected nearly 50 million Facebook accounts, which could result in a fine of up to $1.63 billion. The breach, which was discovered by Facebook engineers on Sept 24, gave hackers the ability to take over users’ accounts. It was patched on Sept 27, the company said.