Meta to set up $50M privacy payment scheme to settle Australian proceeding

In Brief Meta has agreed to a $50 million payment program to settle a long-running proceeding in Australia related to misuse of information for political ad targeting, the country’s information watchdog OAIC announced Tuesday.The settlement concerns the 2018 Cambridge Analytica scandal, when data on millions of Facebook users was exfiltrated without their knowledge or consent by a developer on its platform. The OAIC sued Facebook in March 2020 — pursuing damages for the 300,000+ local users believed to have ...