via Natasha Lomas - writing at TechCrunch, comes this story of the Australian Information Commissioner filing proceedings targeting Facebook Inc. (NASDAQ: FB) over the Cambridge Analytica data breach outrage. My take: Good on ya, Commissioner!

'Australia’s Privacy Act sets out a provision for a civil penalty of up to $1,700,000 to be levied per contravention — and the national watchdog believes there were 311,074 local Facebook users in the cache of ~86M profiles lifted by Cambridge Analytica . So the potential fine here is circa $529BN. (A very far cry from the £500k Facebook paid in the UK over the same data misuse scandal.)' - via Natasha Lomas at TechCrunch

Updated: 20200310 1631 - Here's David Bisson at The State of Security blog take on the news:

As the Australian Information Commissioner, Angelene Falk has the authority to apply for a civil penalty order alleging that an organization bound to comply with the APPs committed serious and/or repeated violations against s 13G of the Privacy Act 1988. The Federal Court could then respond by issuing a penalty of up to $1,700,000 AUD for each serious and/or repeated violation of privacy."

via h/t