AG: Nearly 3M Pennsylvanians impacted by Facebook privacy breach

AG: Nearly 3M Pennsylvanians impacted by Facebook privacy breach

AG: Nearly 3M Pennsylvanians impacted by Facebook privacy breach

The government had issued notices to both Facebook and Cambridge Analytica, confronting them with questions on data breach issue.

Indian officials familiar with the questioning and notices sent in the data leak matter said the ongoing probe will continue as the liability of the company existed prior to the closure announcement. At one point, the sell-off wiped $50 billion off the company's market value. The British firm suspended its CEO Alexander Tayler in April amid investigations.

"Cambridge Analytica specialises in disinformation!"

The chair of the House of Commons committee looking into Cambridge Analytica and SCL Group's activities, Damian Collins, has warned that investigations retain their relevancy, and that the companies will not be allowed to "delete their data history by closing".

Shapiro said he is leading a national investigation with his colleagues to ensure Pennsylvanians and Americans are protected from this kind of unauthorized information sharing.

"The ICO will continue its civil and criminal investigations and will seek to pursue individuals and directors as appropriate and necessary even where companies may no longer be operating".

The data firm at the center of Facebook's privacy scandal is declaring bankruptcy and shutting down.

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However, Cambridge Analytica abused Facebook's system and gathered the data of over 87 million people in total.

Cambridge Analytica was able to use the profiles to target voters with highly personalised advertising based on their personality data. More details could emerge when Cambridge Analytica files for bankruptcy protection in NY, as planned.

Revelations about the misuse of data, published in March by The New York Times and The Observer of London, plunged Facebook into crisis and prompted regulators and lawmakers to open investigations into Cambridge Analytica.

"Despite Cambridge Analytica's unwavering confidence that its employees have acted ethically and lawfully, the siege of media coverage has driven away virtually all of the company's customers and suppliers", the company said in a statement.

In a statement on Wednesday, Facebook said: "This doesn't change our commitment and determination to understand exactly what happened and make sure it doesn't happen again".

During a call with investors on Wednesday evening, current head of SCL Group Julian Wheatland said the companies would file for insolvency.

Commenting on the closure, the company said in a statement: "While this decision was extremely painful for Cambridge Analytica's leaders, they recognize that it is all the more hard for the company's dedicated employees who learned today that they likely would be losing their jobs as a result of the damage caused to the business by the unfairly negative media coverage".

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