Sens. Robert Menendez (D-N.J.) and John Neely Kennedy (R-La.) are seeking answers from Facebook after the Wall Street Journal reported this summer that the social network “has asked large U.S. banks to share detailed financial information about their customers” with the goal of providing its users with new services. In a letter dated Oct. 4, Menendez and Kennedy, who both sit on the Senate Banking Committee, asked Facebook chief executive Mark Zuckerberg to provide information about any data-sharing deal that the company may have struck with financial institutions.
“Data privacy and cybersecurity are more important than ever, and we believe that you owe it to the American people to properly secure the data you currently possess, before you obtain data from a third party,” Menendez and Kennedy said in the letter. “Less than a year after Americans learned that Cambridge Analytica gained access to private information on more than 50 million Facebook users, we have concerns that you have not properly secured user data.” Menendez and Kennedy requested a reply to their letter by Oct. 19.
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