Under The New Law, Mark Zuckerberg Could Face 20 Years In Prison For Data Breaches

In a recent interview, U.S. Senator Ron Wyden suggested that the CEO of Facebook - Mark Zuckerberg should be jailed for Facebook’s privacy issues and data breaches.

In a recent interview, Senor Wyden expressed,

However, according to Tim Gleason, a University of Oregon’s professor, the chance is quite slim. Zuckerberg, when being asked about whether he should step down from his position as the CEO of Facebook, has avoided answering.

In 2018, a bill called the Consumer Data Protection Act was introduced by Senator Wyden. With the new bill, the FTC would have more power to investigate companies violating consumer privacy. Executives could face a maximum of 20 years in jail and a personal fine of up to $5 million.

In July, Facebook received the largest-ever-imposed fine for a tech company of $5 million from the U.S. Federal Trade Commission, following the company’s issue with its privacy regulation in March 2018.

It was the massive data breach which allowed Cambridge Analytics to gain access to private information from 87 million Facebook users. And as FTC said, Facebook had the responsibility to tell users about how their data was in the hands of third-party firms.

It is also announced by the SEC that $100 million is the fine that Facebook will have to pay for deceiving investors about the risks that it faced from user data misuse.

For over two years, Facebook has said about the risk of user data misuse as merely hypothetical. But it turned out that the company already knew that its user data had been misused by a third-party developer.