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Meta hit with record $1.3 bln fine over data transfers

 1 year ago
source link: https://fintechranking.com/2023/05/22/meta-hit-with-record-1-3-bln-fine-over-data-transfers/
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Meta hit with record $1.3 bln fine over data transfers

Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead European Union privacy regulator over its handling of user information and given five months to stop transferring users’ data to the United States.

The fine, imposed by Ireland’s Data Protection Commissioner (DPC), came after Meta continued to transfer data beyond a 2020 EU court ruling that invalidated an EU-U.S. data transfer pact. It tops the previous record EU privacy fine of 746 million euros handed by Luxembourg to Amazon.com Inc in 2021.

Read more: Reuters

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