RELATED ON THIS BLOG
The European Data Protection Board (EDPB) chair Andrea Jelinek following the announcement said, Meta's breach is "very serious since it concerns transfers that are systematic, repetitive and continuous."
Highest fine imposed by EU The penalty doled out for Meta surpassed the highest previous record fine imposed by the EU for Amazon $821 million (746 million euros). This comes after Amazon was forced to pay a fine of the previously mentioned amount by Luxembourg, in 2021 for similarly flouting the EU’s privacy standards.
Meta hit with record-breaking $1.3 billion fine over Facebook data transfers to the US
/
The fine is the largest of its kind, and accompanies an order to stop data transfers to the US. The case stems back to 2013 and revelations about US mass surveillance.
Share this story
:format(webp)/cdn.vox-cdn.com/uploads/chorus_asset/file/22977155/acastro_211101_1777_meta_0001.jpg)
Illustration by Alex Castro / The Verge
Meta Fined Record $1.3 Billion by EU Over Data Transfers. The Stock Is Falling.
- Order Reprints
- Print Article
Meta META –0.49% Platforms has been fined around $1.3 billion by European Union regulators for sending user information to the U.S. – a record under the bloc’s data-protection laws.
- Order Reprints
- Print Article
Meta META –0.49% Platforms has been fined around $1.3 billion by European Union regulators for sending user information to the U.S. – a record under the bloc’s data-protection laws.
.webp)
No comments:
Post a Comment