Facebook’s latest security mishap can cost the company over $1 billion in fines

Last month, Facebook discovered a vulnerability that had compromised over 50 million user accounts. While the security flaw was patched, and the affected users informed of what happened, authorities are not so quick to move on. In Europe, where the infamous GDPR (General Data Protection Regulation) is enforced, regulation agencies are taking a closer look at what exactly happened and why.

Leading the investigation is the Irish Data Protection Commission, but the Spanish Data Protection Agency is also lending a hand. The Commission’s goal is to find out if Facebook had taken all the necessary ...