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Facebook to create privacy panel, pay US$5bil to US to settle allegations

Facebook has agreed to pay US$5bil (RM20.61bil) as part of a settlement against allegations is misused user privacy, in relation to the scandal involving Cambridge Analytica.

Bank of England calls for ‘super shield’ against cyberattacks

Britain may need to copy the United States in building a "super shield" against catastrophic cyberattacks or major IT glitches that could cripple the finance industry, a senior Bank of England official said on May 14.

Facebook facing 20-year consent agreement after privacy lapses: source

The social media giant Facebook Inc is headed toward an agreement with the US government over its privacy policies and practices that would put it under 20 years of oversight, according to a source knowledgeable about the discussions.

Facebook rejects co-founder call for breakup, senator urges US antitrust probe

Facebook Inc quickly rejected a call from co-founder Chris Hughes on May 9 to split the world's largest social media company in three, while lawmakers urged the US Justice Department to launch an antitrust investigation.

UK cybersecurity agency won’t tip regulator on breaches

The UK’s cybersecurity agency said it won’t automatically share information about data breaches with the country’s data privacy regulator.

Facebook surges after sales beat estimates

Facebook Inc’s shares surged in late trading after the largest social-media company posted robust quarterly sales growth and signalled it may be close to resolving a US privacy investigation, easing investor concerns about the impact of regulatory threats.