"Given the scale and sophistication of the activity we've seen, we believe most people on Facebook could have had their public profile scraped," the company wrote in its blog post.
Facebook initially had sought to downplay the problem, saying in March only that 270,000 people had responded to a survey on an app created by the researcher in 2014.
That data grab netted Cambridge Analytica the data on the friends of those who responded to the survey, without their permission.
But Facebook declined to say at the time how many other users may have had their data collected in the process. The whistleblower, Christopher Wylie, a former researcher for the company, said that the real number of affected people was at least 50 million.
Facebook's announcement, made near the bottom of the blog post on plans to restrict access to data in the future, underscores the severity of a data mishap that appears to have affected about one out of every four Americans and sparked widespread outrage at the carelessness of the company's handling of information on its users.
Personal data on users and their Facebook friends was easily and widely available to developers of apps before 2015.
This included the names, home towns, work and educational histories, religious affiliations and Facebook "likes" of users, among other data.
Facebook announced plans today to add new restrictions to how outsiders can gain access to this data, the latest steps in a years-long process by the company to improve its damage reputation as a steward of the personal privacy of its users.
Developers who in the past could get access to people's relationship status, calendar events, private Facebook posts, and much more data, will now be cut off from access or be required to endure a much stricter process for obtaining the information.
Cambridge Analytica, which collected this information with the help of a Cambridge University psychologist Aleksandr Kogan, was founded by a multi-million-dollar invsetment by hedge fund billionaire Robert Mercer and headed by his daughter, Rebekah Mercer, who was the company's president, according to documents provided by Wylie.
Serving as vice-president was conservative strategist Stephen Bannon, who also was the head of Breitbart News. He has since left both jobs and also his post as top White House adviser to Trump.