【Australian Regulatory Authority: Meta Agrees to Pay 50 Million AUD to Resolve Cambridge Analytica-Related Privacy Lawsuit】Golden Finance reports that the Australian Privacy Regulator has stated that Meta (META.US) has agreed to pay 50 million AUD to settle a protracted legal battle stemming from the Cambridge Analytica scandal. Australian Information Commissioner Elizabeth Tydd stated: "Today's settlement is the largest payment to date aimed at addressing personal privacy issues in Australia." The British consulting firm Cambridge Analytica was previously exposed for retaining personal data of millions of Facebook users without permission and using it for political advertising and other purposes. The Australian Information Commissioner's Office alleges that Meta violated privacy laws by disclosing personal information of over 311,000 Australian users to Facebook's personality testing application "This is Your Digital Life" without user consent.
