European Union could fine Facebook $1.63bn for data breach

Facebook can allegedly face $1.63 bn in fine from the European Union (EU) privacy watchdog for data breaches, as reported by The Wall Street Journal.

Facebook's lead privacy regulator in Europe, Ireland's Data Protection Commission, has asked Facebook to submit more details regarding the incident which resulted in almost 50 million of its user accounts compromised following a hacker attack on its network earlier this week (25 September).

The news comes after Cambridge Analytica scandal where personal information of up to 87 million Facebook users had been passed onto the political data firm without consent.

Facebook chief Mark Zuckerberg said: "While I'm glad we found this, fixed the vulnerability, and secured the accounts that may be at risk, the reality is we need to continue developing new tools to prevent this from happening in the first place."