1.3 billion dollars… a European standard fine for “Meta” for data transmission
1.3 billion dollars… a European standard fine for “Meta” for data transmission
1.3 billion dollars… a European standard fine for “Meta” for data transmission
The European Union’s data privacy regulator announced the imposition of a record fine on Meta, amounting to 1.2 billion euros ($1.3 billion), for the way it handled user data, and gave it 5 months to stop transferring that data to the United States.
The authority, the Irish Data Protection Commission, added that the imposition of the fine came after Meta continued to transfer data after a European Union court ruling in 2020 invalidated a data transfer agreement between the conglomerate and the United States.
For its part, Meta said, in a statement, that it will appeal the ruling, including the fine, which it described as unjustified, unnecessary and sets a dangerous precedent for countless other companies.
Meta added that without the ability to transmit data across borders, the Internet risks being divided into national and regional silos.
It is noteworthy that the fine is greater than that imposed by Luxembourg on Amazon in 2021 for violating privacy, which amounted to 746 million euros.
The Irish Data Protection Commission is the main regulator in the European Union for many of the world’s largest technology companies, due to their European headquarters in Ireland.
