Home » Technology » Meta Fined 1.2 Billion Euros for Breaching EU Privacy Rules: Appeals Decision

Meta Fined 1.2 Billion Euros for Breaching EU Privacy Rules: Appeals Decision

The technology giant has been fined for breaching the EU’s privacy rules. Meta calls the decision flawed, and will appeal the decision.

Meta CEO Mark Zuckerberg
Published:

The case is being updated…

Meta has been fined 1.2 billion euros, which is equivalent to roughly 14 billion Norwegian kroner, by European supervisory authorities for having moved personal data from European users of Facebook to the United States.

This is written by Bloomberg and the Financial Times, which refer to the decision from the Irish Data Protection Authority.

The Irish Data Protection Authority DPC, called the EU’s privacy watchdog, supervises the EU’s GDPR privacy rules.

The fine is the largest ever imposed on a tech company for privacy violations.

Read on E24+

The krone price of gold has doubled in five years. Marius (30) is among those who invest

At the same time, Meta has been given a deadline to stop the transfer of user data to the US, after the company failed to protect user data.

The company has been given five months to stop all future transfers of personal data to the US, and six months to stop the processing, including the storage, of all European citizens’ personal data in the US, which was previously transferred in violation of the GDPR.

Nick Clegg, head of global affairs at Meta, told the Financial Times that the company is disappointed to have been fined, as it believes the same mechanisms are used by thousands of other companies offering services in Europe.

– This decision is flawed, unjustified and sets a dangerous precedent for the other companies that transfer data between Europe and the US, he says to the newspaper.

Meta is expected to appeal the decision.

The big tech companies have been fined several times by the EU for breaches of the GDPR.

Amazon was fined 746 million euros, which was previously the highest fine given for privacy violations.

Meta received a fine of 390 million euros earlier this year for violating the EU’s data protection rules, GDPR. At the time, the company had not satisfied the duty of transparency, and had used the wrong legal basis in the processing of personal data for use in marketing.

also read

The metaverse cannot be ignored, but the future is uncertain

also read

Meta jacks up expectations – pants in the aftermarket

2023-05-22 09:12:50
#Meta #imposed #record #fine #NOK #billion

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.