Edwards said his office had not received any reports of social media being manipulated to influence the 2017 New Zealand general election, but said Facebook seemed to have "lost control" of its platform, and showed no sense of responsibility regarding the 2.5 million New Zealand accounts it administered, or respect for New Zealand's privacy laws.
Nelson said lawmakers would be looking at other social media sites in determining any new regulations.
Facebook chief executive Mark Zuckerberg will appear Tuesday before the Senate Judiciary and Commerce committees for the first of two days of congressional testimony. The Facebook CEO is in the nation's capitol Monday morning for meetings ahead of the testimony.
It's like a weird, unlucky bingo: from today, more than 300,000 Australians will be told by Facebook that Cambridge Analytica used their personal data.
The BBC is reporting that for United Kingdom users, the messages will roll out from around midday London time.
The FTC is now investigating whether the company violated the decree, which could make it vulnerable to fines that, under the regulations, could reach an astronomical sum: up to $41,484 (USD) for each of the millions of users whose data went to Cambridge Analytica.
What are the chances of future Facebook privacy breaches?
Many people who have downloaded their Facebook data have also found that the company is tracking the history of their incoming and outgoing calls as well as text messages.
"Our goals are to understand Facebook's impact on upcoming elections - like Brazil, India, Mexico and the U.S. midterms - and to inform our future product and policy decisions", Facebook executives said in a blog post. The phrase they repeated often was that security is an "arms race", and that there are bound to be more problems despite the new policies the company is scrambling to implement.
ABC Action News reached out to Facebook.
About one in 50 Australian users and one in every three American users are among those affected.
But Facebook critics counter that "responsibility is not transparency" and that the real issue is the hubris that pervades Silicon Valley, where regulation is often overridden by shareholder profits.
CubeYou created apps such as "You Are What You Like", which are meant to predict people's personalities based on what they like on Facebook, in conjunction with the University of Cambridge, according to CNBC.
The SEC complaint may trigger other lines of inquiry about how much of Facebook's annual revenue of $41 billion has been generated by ads running on pages featuring illegal activity, such as the sale of elephant ivory and tiger teeth. Which ones will the company support?
Currently, a movement to delete the social network is gaining attention online.
This was Zuckerberg's latest apology for the personal data leak and he vowed to plug the vulnerabilities while attempting to defend himself by listing the company's measures to protect user privacy in past years.
Meanwhile, Facebook is facing other privacy headaches about its other tools.
"In all of these areas", she added, "there are the good cases for sharing data, and I think we were very idealistic and not rigorous enough, and then there's the possible misuse".