Cambridge Analytica closes down amidst Facebook data use scandals
Cambridge Analytica closes down amidst Facebook data use scandals
Daily Research News Online
04 May, 2018, 14:18
Facebook provided an estimate to Shapiro of the almost 3 million individuals in Pennsylvania impacted, in which it also estimated it shared a total of 70.4 million American users' data with third parties. The commissioner's office said Thursday that it will continue "civil and criminal investigations and will seek to pursue individuals and directors as appropriate and necessary, even where companies may no longer be operating".
In early 2014 Kogan had been introduced to SCL Elections and in May of the same year formed the company Global Science Research (GSR) to create a data-licensing contract between itself and SCL Elections, an affiliate of Cambridge Analytica.
"It's crucial that Facebook and Twitter and any entity that collects data, protects it", he said.
Embattled political consultancy firm Cambridge Analytica announced that it will cease most operations and file for bankruptcy amid growing legal and political scrutiny of its business practices and work for Mr Donald Trump's presidential campaign. The latest notice by the government had also flagged the "cryptic and evasive" reply given by Cambridge Analytica to the first notice. As of 2017, the average number of "friends" for every profile was 338 people (median at 200); given the number of people who directly accessed the app is anywhere from 185,000 to 300,000 we have an enormous amount of potentially affected people.
"Despite Cambridge Analytica's unwavering confidence that its employees have acted ethically and lawfully, which view is now fully supported by [the official's] report, the siege of media coverage has driven away virtually all of the Company's customers and suppliers", the statement read.
Meanwhile, British authorities today said that their investigation into the data breach scandal involving Cambridge Analytica will not be impacted with the shutdown of the political consulting firm. It denies wrongdoing and yesterday it announced that the company and its parent, SCL Group, would be wound down due to loss of business as a result of the scandal.
Asked by Canadian lawmakers about how the closure of the businesses would affect the investigation and any possible sanctions, Damian Collins, the chairman of the digital, culture, media and sport committee, said: "It doesn't change our inquiry at all".
CA was also rocked by undercover recordings appearing to show senior figures in the company boasting about underhand tactics that could be used to entrap opposition politicians, such as bribery and sex.
Cambridge Analytica sought information on Facebook to build psychological profiles on a large portion of the US electorate. Facebook has since apologised and tightened its privacy restrictions.
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