Publish Date: Thu, 29 Mar 2018 (IST) 
If there is any doubt about your Facebook data theft then here you can understand the whole matter in simple words, what will be the impact on you ...
(Tech Desk). People from all over the world are connected on social media platform Facebook. This website is now used as a habit for people to connect with each other. But is your data present on such websites, your information safe? In a recent case, it has been learned that in 2014, Cambridge Analyte had acquired 50 million Facebook profiles. This data can be considered as the biggest case of theft.
What is the whole matter? This question must have arisen in your mind how the data was stolen at such a large level? According to media reports the data was collected by an analyst. According to Facebook - a survey was given by this analyst, which is full of 270000 users. This survey was not only done by those users but also their friends. These users did not have any information related to this survey. After the survey, all this information was given to Cambridge Analytica, which is against Facebook's rules. Now the question is, what was the end of this data?
Significant decline in Facebook shares: There has been a huge drop in Facebook shares due to reports of data leakage of over fifty million users on social media platform Facebook. Facebook's shares have reported a decline of about eight percent. For this reason, Mark Zuckerberg had a loss of $ 395 billion ($ 6.06 billion) in the same day and the company lost $ 35 billion.
Facebook's reliability is in jeopardy: Facebook has not given any information about this to affected users. It is being said that Cambridge Analytica used these profiles to create such technology that could affect the voters. There are allegations that Cambridge Analyte had stolen profiles of Facebook users to help Donald Trump during the US presidential election. It was used incorrectly during the election. American and European MPs have responded to Facebook after receiving this news. They want to know how UK's Cambridge Analyst helped Donald Trump to win presidential elections in America. Let us know that Facebook has already disclosed how the Russian people had used their platform before the presidential election in 2016, but Mark Zuckerberg had never come across questions about it. This issue can also constrain the strict regulation of social networking sites.
Strict Need for Data Regulation: Facebook currently has 2.1 billion users active. Of these, 1.4 billion users use the site daily. Being a social networking site, people regularly share their thoughts, photos and life events on it. This allows Facebook to share high resolution pictures and information of any company or person. If this information is leaked it can be used incorrectly at several large levels. In such a big question arises whether the law will be enacted regarding privacy protection and data regulation in the future? Because such laws require a strict requirement to ensure the security of the users' personal information after the case of this big data theft.
by Sumati