US regulators the Federal Trade Commission (FTC) has approved a fine of $5 billion on Facebook to settle an investigation into Cambridge Analytica scandal, reports in US media.
The commission was investigating the data breach that that affected more than 87 million Facebook users.
The main focus of the investigation was to find out whether Facebook had violated a 2011 agreement which prohibits companies from obtaining users data without notifying them.
“With the FTC either unable or unwilling to put in place reasonable guardrails to ensure that user privacy and data are protected, it’s time for Congress to act,” US Senator Mark Warner said.
The fine of $5bn was sanctioned by the FTC in a 3-2 vote with Republican commissioners in favor and Democrats opposed.
According to the New York Times report the Democrats wanted to take stricter action against the firm, while other Democrats criticized that the fine is too less.