The Privacy Commissioner on Thursday opened an investigation of Facebook on the heels of confirmation by the social media giant that the data of over 300,000 Australian users may have been improperly harvested.
The head of Australia’s consumer regulator says the agency will look at whether Facebook is misleading users about how it collects and uses their data, in light of revelations that millions of Facebook users unknowingly had their data harvested by political research firm Cambridge Analytica.
A Federal Court judge in Melbourne has slapped Australia and New Zealand Banking Group with a $5 million fine for failing to properly vet customers’ financial backgrounds when providing car loans.
Australia and New Zealand Banking Group Ltd. has reached an 11th-hour deal with the securities regulator over allegations of interest rate rigging.