Facebook gets up to 98 percent of its revenues from advertising. The complex personality profiles it assembles are what attract advertisers to the social network. Over 50,000 traits can be assigned to individual users.
Tim Cook has warned that internet users' personal data is being "weaponized" by internet giants. His solution is a US data protection law that imitates many of the EU's stringent rules.
British regulators slapped Facebook with the maximum possible fine for failing to protect user privacy. Facebook's faulty practices meant 87 million users' personal data was used without their consent.
Hong Kong carrier Cathay Pacific is the latest company to come under pressure to communicate the scope of a data breach following an attack by hackers. The current decade has seen a surge of major data leakages.
Google has announced it will be winding down its little-used Plus social network. The tech giant has also admitted that a bug in its social network may have exposed the personal data of some 500,000 users.
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