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Meta to set up $50M privacy payment scheme to settle Australian proceeding
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
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. Under the settlement, the company has agreed to establish a payment program for eligible Facebook users who “may have suffered loss or damage as a result of interferences with their privacy”. In a statement, information commissioner Elizabeth Tydd said the settlement is “the largest ever payment dedicated to addressing concerns about the privacy of individuals in Australia” — giving “potentially affected Australians an opportunity to seek redress” while ending a “lengthy court process”.
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