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An inquiry from the Digital, Culture, Media and Sport Committee has called for greater Facebook regulation to shift the power from the corporations to the people.
Recommendations include an independent regulator that could be responsible for enforcing an ethical code of conduct that all tech firms must adhere to. They could also be handed powers to bring legal proceedings for breaches and enforce new rules for tech firms to prevent and remove disinformation, false news and harmful content.
The inquiry was launched off the back of the Cambridge Analytica scandal and also focuses on the misuse of personal data as well.
It isn’t just data from hacks and breaches that can give a criminal enough information to scam you; it can also be the wealth of data on social media platforms like Facebook that they use as well.
Sometimes, for a person to become a victim of fraud or identity theft, it can come down to a case of a cyber-criminal being able to obtain enough information about a person from various sources. One source could be from a hack or breach – which could from large-scale breaches such as telecommunications providers or dating websites. This can then be combined with another data source which we willingly put out there on the internet for all to see… On social media sites for example.