Meta owns Facebook and has been fined US$1.3 billion (€1.2 billion). The fine has also been given five months to stop data transfer to the US, the EU’s privacy regulator. A penalty has been imposed on Meta Company in relation to the use of user information.
The Irish Data Protection Commissioner imposed a fine on Meta for breaching a 2020 European Court of Justice order on data transfer/assignment. The relevant order has cancelled the data transfer agreement between the European Union and the United States of America. The European Union previously fined Amazon 746 million euros in 2021 for allegedly harming, violating, or related to users’ privacy. The corresponding fine was imposed from Luxembourg.
However, this time the fine imposed on Meta has become a record fine. No company has been fined this high for a privacy breach before.
The data warehouses of the social network Facebook, owned by the company Meta, and the talk and crisis about it, started a decade ago. With Max Schrems taking legal action against the US collection of personal data. He took those measures when Edward Snowden, who worked as a contractor for the National Security Agency (NSA) of the United States of America, revealed a lot of confidential information. Max Schrems is an Austrian privacy activist and lawyer. He has consistently taken action against Facebook’s privacy violations.
In this regard, Meta Company stated in a statement that it will file an appeal in relation to this order and that the imposed fine is unjust and unnecessary. Meta Company announced that it will stay away from the suspension orders imposed by the court.
The Meta company also said it will enter into a new agreement to securely transfer the personal data of EU citizens to the United States before suspending data transfers. (Reuters)
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