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Thursday, May 23, 2024

1.2bn fine for Meta because of GDPR breach

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Meta, the parent company of Facebook, has been hit with a hefty €1.2 billion fine from the Data Protection Commission (DPC) after a three-year investigation. The DPC determined that Meta had breached GDPR (General Data Protection Regulation) rules when it transferred data of Facebook users to its US servers from Europe.

In response, Meta’s president of global affairs and chief legal officer Jennifer Newstead voiced her dissatisfaction: “We are … disappointed to have been singled out when using the same legal mechanism as thousands of other companies looking to provide services in Europe. This decision is flawed, unjustified and sets a dangerous precedent for the countless other companies transferring data between the EU and US.” She also pointed out that the US has gone to great lengths to align itself with European rules, while other countries such as China have not been held to the same standard.

The fine has been called a “real landmark moment”, as it is the largest sum ever imposed by a European regulator. Addleshaw Goddard’s head of data protection David Hackett noted that the corrective actions imposed on Meta may prove to be a bigger headache for the company than the fine itself. He said that the regulator has given Meta five months to suspend EU-US data flows and six months to bring its data processing operations into compliance with GDPR.

This record fine has shaken the tech industry and serves as a warning to other companies to adhere to data protection regulations. It has established the precedent that violations of GDPR will not be tolerated, and the repercussions can be severe. Meta and other companies must be more vigilant to protect user data and ensure they are compliant with all applicable laws.

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Lisa
Lisa
Lisa is a skilled writer with a huge passion for journalism. With a talent for storytelling and a deep understanding of current events, she has quickly become a respected journalist in the industry. Lisa's articles are always well-written and thought-provoking, and she has a knack for finding the most interesting angles on any story. She is known for her ability to connect with her readers and engage them in the issues that matter most. Lisa is a dedicated journalist who is passionate about making a positive impact through her writing. When she's not working, Lisa enjoys hiking, yoga, and spending time with her loved ones.

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