Tencent Technology News, July 13 According to foreign media reports, the US Securities and Exchange Commission is investigating whether Facebook has issued enough warnings to investors to remind them of possible abuse and improper collection of user data.
In March of this year, Facebook’s information on 87 million users was misused by the political consulting firm Cambridge. Cambridge Analytics served as a consultant to the Trump campaign team in the 2016 US presidential election flagship. Earlier this month, a number of agencies, including the US Securities and Exchange Commission, the Federal Trade Commission, and the Federal Bureau of Investigation, joined the Justice Department's investigation into the Facebook data scandal.
It is reported that the US Securities and Exchange Commission (SEC) has asked Facebook to provide relevant information to understand what the social network company knows about the data collected by Cambridge Analytical Tools. In addition, the report also said that the SEC wants to understand how Facebook specifically analyzes risk because developers violate Facebook's policies and illegally share data with others.
Both the SEC and Facebook are currently refusing to respond. A Facebook representative has previously told the media that Facebook is currently working with government agencies in the US, UK and other regions, and has provided public testimony, answered questions, and promised to continue to provide all the information for the survey in the future.
At the same time, the US Securities and Exchange Commission is also investigating whether Facebook should inform shareholders of Cambridge Analytical's violations when it discovered a data breach in 2015.