The EU is drafting new legislation aimed at preventing a Cambridge Anlytica-type scenario happening in next year’s European Parliament elections. The Financial Times reports that the European Commission is preparing an amendment to existing party funding rules that would ban data collection à la Cambridge Analytica. The UK-based company mined millions of people’s Facebook data (without their consent), which was allegedly used to influence voters in the US and the UK. Political groups profiting from such manipulative data practices in Europe could be fined up to five percent of their annual budget according to the current draft the legislation, which…
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