May 28, 2024

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Meta receives millions of fines imposed by European privacy regulator – IT Pro – News

Meta will be fined 17 million euros by the Irish privacy watchdog. According to the Irish Data Protection Commission, Meta did not do enough to prevent a data breach in 2018. This leak exposed data from millions of users.

Meta will be fined for a major Facebook data breach in 2018. Reverse Bloomberg Ireland’s DPC reports that Meta “failed to take both technical and organizational measures” to prevent the leak. Facebook wrote in a statement that it has modified data storage since 2018.

A data breach in 2018 allegedly affected 50 million accounts. The privacy watchdog has launched several investigations into data leaks in Meta Services. This isn’t the first time Meta has been fined by the Irish regulator. Last September, Meta received a file A fine of 225 million euros for violating the General Data Protection Regulation. Meta will not be transparent enough about what data the company shares from users. It is one of the highest GDPR fines to date.

Tech giants are increasingly subject to a magnifying glass by regulators. Not only for violating privacy laws, but for abusing their dominant market position. Last month denounce Competition Commissioner Margrethe Vestager talks about Apple’s attitude toward app makers. According to Vestager, the tech giant would prefer paying fines rather than adjusting its terms to match European regulations.

Meta also has a strained relationship with the European Union, because it has to comply with new legislation to transfer data across the Atlantic. According to this legislation, Meta is not only allowed to send data from European users to the United States. Meta then threatened not to offer its services in Europe, although the company appeared again late Back

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