Facebook has agreed to drop its appeal against the half a million pound fine by the Information Commissioners Office (ICO), over its role in the Cambridge Analytica data sharing scandal in 2018.
According to the ICO, Facebook has agreed to pay the £500,000 fine, but has made “made no admission of liability.”
In November 2018 Facebook had launched an appeal against the half a million pound fine by the ICO, over its role in the Cambridge Analytica data sharing scandal.
It said the ICO fine was unjustified as British data was not shared with Cambridge Analytica.
The ICO hit Facebook with a notice of intent in July 2018 and later confirmed the maximum fine of £500,000 in October 2018.
Cambridge Analytica was at the centre of a row over the alleged misuse of personal data on 87 million people, mostly in the US, and such as the scandal that the political consultancy was forced to shut down soon afterwards.