Meta, the social media giant, received a record-breaking 1.2 billion euro ($1.3 billion) fine for breaching European Union data protection rules. The penalty, imposed by Ireland’s Data Protection Commission, also mandates the cessation of data transfers from Facebook users in Europe to the United States. This ruling signifies a significant milestone in the five-year history of the General Data Protection Regulation, as regulators cited Meta’s non-compliance with a 2020 decision by the E.U.’s highest court regarding the inadequate protection of transatlantic data from U.S. intelligence agencies.
Read more at The New York Times
Summary
Article Name
Meta Fined $1.3B for EU Data Privacy Violations
Description
Meta, the social media giant, received a record-breaking 1.2 billion euro ($1.3 billion) fine for breaching European Union data protection rules.
Author
Susan Jane
Publisher Name
The New York Times
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