Prices Inn

Meta hit with record $1.3 billion fine by EU over handling of users’ personal data

London – Meta was fined the equivalent of a record $1.3 billion by the European Union on Monday for its transfer of users’ personal data from Europe to the United States.

Andrea Jelinek, chair of the European Data Protection Board (EDPB), said Meta’s infringement was “very serious since it concerns transfers that are systematic, repetitive and continuous.”

“Facebook has millions of users in Europe, so the volume of personal data transferred is massive,” Jelinek said in a statement. “The unprecedented fine is a strong signal to organizations that serious infringements have far-reaching consequences.”

Meta was also ordered to bring its data transfers into compliance with European privacy law. 

The tech giant said it would appeal the ruling and argued there was a problematic clash between U.S. and European privacy regulations.

“Without the ability to transfer data across borders, the internet risks being carved up into national and regional silos, restricting the global economy and leaving citizens in different countries unable to access many of the shared services we have come to rely on,” Meta said in a statement.

This is a breaking new story. Please check back for updates.

Source link

Exit mobile version