![]() ![]() For the latest news, follow us on Facebook, Twitter, and Instagram. It is the fourth fine in six months that EU regulators have slapped on Meta over data breaches by its Instagram, WhatsApp and Facebook services. Meta said it hopes to see the US and EU adopt a new legal framework for the use of personal data in the coming months, following an agreement in principle last year, which could allow it to continue its data transfer practices. “There is no immediate disruption to Facebook in Europe,” they added. “We intend to appeal both the decision’s substance and its orders including the fine, and will seek a stay through the courts to pause the implementation deadlines,” Meta president of global affairs Nick Clegg and chief legal officer Jennifer Newstead said in a blog post. In response, Meta said it was “disappointed to have been singled out” and the ruling was “flawed, unjustified and sets a dangerous precedent for the countless other companies”. It found that Meta, which has its European headquarters in Dublin, failed to “address the risks to the fundamental rights and freedoms of data subjects” that were identified in a previous ruling by the Court of Justice of the European Union (CJEU). The DPC has been investigating Meta Ireland’s transfer of personal data from the EU to the United States since 2020. 1:54 PM PST MaThe panic sparked by the collapse of Silicon Valley Bank is spreading to China, the world’s second-largest venture capital market. The Irish Data Protection Commission (DPC), which acts on behalf of the European Union, said the European Data Protection Board (EDPB) had ordered it to collect “an administrative fine in the amount of €1.2 billion “. Facebook -parent Meta has agreed to pay 90 million to settle a decade-old class action lawsuit over a practice that allowed the social network to track users’ activity across the internet, even. (1 euro = 1.04 U.S.Meta, owner of Facebook, has been fined a record €1.2 billion by the European Union for transferring EU user data to the United States. The inquiry has found that Meta Ireland has violated Articles 25 (1) and (2) of GDPR, said the DPC. The DPC conducted an examination and assessment of Facebook Search, Facebook Messenger Contact Importer and Instagram Contact Importer tools about the processing carried out by Meta Ireland during the period between May 2018 and September 2019, said the commission. was slapped with a 265 million (277 million) fine for failing to prevent the leak of the personal data of more than half a billion users of its. The inquiry into Meta Ireland commenced in April 2021 on foot of media reports that a large amount of personal data of Facebook users was made available on the internet, said the DPC. 264.95 USD +0.37 +0.14 Meta Platforms Inc. The decision was made last Friday following the conclusion of an inquiry into Meta Ireland regarding its possible breach of the rules of the General Data Protection Regulation (GDPR), said the DPC in a statement.Īlong with the fine, the DPC also issued a reprimand and an order requiring the company to take a range of specified remedial actions within a particular timeframe, said the statement. New Delhi: Meta Platforms has been fined 265m (277 million) by the Irish data watchdog for violating European privacy rules, taking European fines against Facebook’s parent company to over 900 million since last year. dollars) for violation of data protection rules, said the Irish Data Protection Commission (DPC) on Monday. The long-running dispute accused the social. Meta Platforms Ireland Limited (Meta Ireland), a data controller of the Facebook social media network, has been fined 265m euros (about 275 million U.S. Facebook owner Meta hit with record £1bn fine for breach of EU data regulations The issue of transferring EU Facebook users data to the US, where it is subject to fewer stringent privacy protections, has been ongoing for a decade. Facebook owner Meta has agreed to pay 725m (£600m) to settle legal action over a data breach linked to political consultancy Cambridge Analytica. ![]()
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