Facebook Users In Line For $725m Payout

Facebook users could receive a share of a multimillion $ pay out after a privacy lawsuit. Facebook users who had an account at any point from May 2007 to December 2022 can now apply for their share of parent company Meta’s $725m privacy settlement.

To collect a share of the settlement, users must fill out the claim form using the website before 25 August 2023 

 

Meta agreed to the payment in December following a four-year class action lawsuit that accused the tech company of allowing millions of its users’ personal information to be accessed by Cambridge Analytica, a data analytics firm that supported Donald Trump’s 2016 presidential campaign.

The process is quick and simple, and requires users, including those who have deleted their Facebook accounts, to provide their name, address, email, and phone number, as well as the email tied to their Facebook account and their Facebook username.

Additionally, users are required to choose their preferred method for receiving the payment, such as Zelle, Venmo or a prepaid Mastercard, and sign the claim form.

Facebook users who wish to submit the claim by mail can do so by printing the form and mailing it to: Facebook Consumer Privacy User Profile Litigation, c/o Settlement Administrator, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103.

Individual payouts have not yet been established, as the amount will depend on the number of users who submit claims and how long each user had their Facebook account. In the fourth quarter of 2022, Facebook had roughly 2.96 billion monthly active users worldwide.

It is also not clear when users can expect the payment, but “Settlement payments will be distributed as soon as possible if the Court grants Final Approval of the Settlement and after any appeals are resolved,” says Facebook’s privacy settlement site.
 
The legal battle began in 2018 over revelations that Cambridge Analytica paid a Facebook app developer for access to the personal information of roughly 87 million users of the platform. The data was then used to target US voters during the 2016 campaign, which culminated in Trump’s election as the 45th president.

Although Meta denies the allegations Facebook’s founder Mark Zuckerberg previously testified in front of Congress, and said sorry for not doing “more at the time”.

Facebook:    Facebook:    Statista:   Independent:     Mirror:   Petapixel:   Washington Post:    CNBC: 

You Might Also Read: 

Digital Platform Regulation - Impossible?:

___________________________________________________________________________________________

If you like this website and use the comprehensive 6,500-plus service supplier Directory, you can get unrestricted access, including the exclusive in-depth Directors Report series, by signing up for a Premium Subscription.

  • Individual £5 per month or £50 per year. Sign Up
  • Multi-User, Corporate & Library Accounts Available on Request

Cyber Security Intelligence: Captured Organised & Accessible


 

« Build and Implement an Effective Endpoint Detection and Response Strategy
Musk Threatens To Sue Microsoft »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

LockLizard

LockLizard

Locklizard provides PDF DRM software that protects PDF documents from unauthorized access and misuse. Share and sell documents securely - prevent document leakage, sharing and piracy.

The PC Support Group

The PC Support Group

A partnership with The PC Support Group delivers improved productivity, reduced costs and protects your business through exceptional IT, telecoms and cybersecurity services.

IT Governance

IT Governance

IT Governance is a leading global provider of information security solutions. Download our free guide and find out how ISO 27001 can help protect your organisation's information.

Authentic8

Authentic8

Authentic8 transforms how organizations secure and control the use of the web with Silo, its patented cloud browser.

Syxsense

Syxsense

Syxsense brings together endpoint management and security for greater efficiency and collaboration between IT management and security teams.

Protective Intelligence

Protective Intelligence

Protective Intelligence brings together a group of information security specialists with a passion for delivering high-quality solutions.

CERT.AZ

CERT.AZ

The national Cyber Security Center of the Republic of Azerbaijan.

Proact IT Group

Proact IT Group

Proact is Europe's leading independent data centre and Cloud services enabler. We deliver flexible, accessible and secure IT solutions and services.

Penta Security

Penta Security

Founded on its data encryption technology, Penta Security is a leading provider of web and data security products, solutions and services.

Gradiant

Gradiant

Gradiant’s mission is to contribute to the growth and competitive improvement of Galician businesses through technology development and innovation using ICT.

QuickLaunch

QuickLaunch

QuickLaunch transforms how cloud-savvy institutions and companies manage human and device authentication, authorization, access control and integration.

BI.ZONE

BI.ZONE

BI.ZONE creates high-tech products and solutions to protect IT infrastructures and applications, and provides services from cyber intelligence and proactive defence to cybercrime investigation.

Keyless Technologies

Keyless Technologies

Simple, secure, and interoperable authentication. Keyless offers unmatched security, privacy and usability, while reducing risk and infrastructure costs.

Inpher

Inpher

Inpher has pioneered cryptographic Secret Computing® that enables advanced analytics and machine learning while keeping data private, secure, and distributed.

Analog Devices Inc (ADI)

Analog Devices Inc (ADI)

Analog Devices is uniquely positioned to deliver security at the edge, where the data is born, because our sensor solutions convert the physical, analog world into the digital world.

North East Business Resilience Centre (NEBRC)

North East Business Resilience Centre (NEBRC)

The North East Business Resilience Centre is a non-profit organisation here to support businesses in the North East of England in protecting themselves from cyber crimes and fraud.

LBMC

LBMC

LBMC is a professional services solutions provider in accounting and finance, human resources, technology, risk and information security, and wealth advisory services.

Chartered Institute of Information Security (CIISec)

Chartered Institute of Information Security (CIISec)

CIISec is dedicated to helping individuals and organisations develop capability and competency in cyber security.

LogicGate

LogicGate

The LogicGate Risk Cloud™ is an agile GRC cloud solution that combines powerful functionality with intuitive design to enhance enterprise GRC programs.

NetGain Technologies

NetGain Technologies

NetGain Technologies helps small to medium-sized businesses gain access to expert IT talent. We provide strategies that use technology as a driving force behind business growth.

Cyphershield

Cyphershield

Cypershield is a Security and Smart Contract audit company providing professional smart contract auditing services for varied Crypto projects.