Data Breach Could Expose Facebook to ~$71 Billion in Fines

American and British lawyers recently launched a joint class-action lawsuit against Facebook (FB), Cambridge Analytica, and two other firms, the Guardian reported. The two other firms are SCL Group Limited and Global Science Research Limited (or GSR). SCL Group is the parent of Cambridge Analytica, the political consultancy firm believed to have developed a powerful voter profiling tool using data obtained from Facebook.