Facebook will pay $100 million to the Securities and Exchange Commission for making "misleading disclosures" of its data being misused in the wake of the Cambridge Analytica scandal.
Federal regulators announced the settlement Wednesday, the same day Facebook was also hit with a $5 billion penalty from the Federal Trade Commission and a lawsuit from the Department of Justice.
The SEC alleges that Facebook knew back in 2015 that Cambridge Analytica had collected personal information on up to 87 million users, but didn't disclose the breach until March 2018.
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Facebook has agreed to pay $100 million to federal regulators for making "misleading disclosures" about its data being misused in the years after it knew that Cambridge Analytica had gotten ahold of user data.
The Securities and Exchange Commission announced Wednesday it had settled with the tech giant for $100 million.