FACEBOOK could face a fine of up to £1.25 billion after at least 50million of its accounts were hacked according to reports.
Criminals exploited a security flaw to access the accounts, putting huge amounts of sensitive, personal information at risk.
But Facebook only announced the breach on Friday, three days after it happened –and was last night still unable to say how many British accounts had been affected.
The Mail on Sunday reported that as the hunt for the hackers continued, the Irish Data Protection Commissioner – which regulates the web giant’s European data compliance as it is headquartered in Dublin – criticised the company, saying: ‘The notification lacks detail.’
Facebook is now bracing itself for a massive fine under new European Union data laws that can require firms to pay out up to four per cent of its global turnover. Facebook generated £31.2 billion in revenue last year.
The crooks gained access to accounts through Facebook’s ‘view as’ feature which allows users to see what their profiles look like when others view them.