Meta Fined $1.3 Billion for Violating EU Data Transfer Rules: Latest News and Updates

2023-05-22 14:01:25

Dublin: Facebook’s parent company Meta has been fined heavily for handing over users’ personal data. The company was fined $1.3 billion (roughly Rs. 10,000 crore) by the Irish Data Protection Commission. The action is based on violation of the European Union’s data transfer rules.

Meta is accused of violating the EU General Data Protection Regulation, which came into effect on May 25, 2018. It was discovered that users’ information had been transferred to the US. The allegation is against Facebook under META.

Metta responded through a press release that this is an unjustified fine. An unnecessary fine was imposed by the Irish Data Protection Commission. Legal action will be taken against this. The news note also informed that they will approach the court asking for a stay of the fine.

Facebook users’ information is stored at company headquarters in the US. An Austrian social activist working for privacy rights is waging a legal battle against Facebook. Following this, META announced last month that it would create a new system to securely transfer the personal information of EU citizens to the US.

The record fine so far was imposed on Amazon by the EU in 2021. Amazon was fined 746 million euros for violating privacy laws.

Summary: The Irish Data Protection Commission on Monday fined Meta a record 1.3 billion dollar(almost Rs 10,000 Cr) fine over violating data transfer rules in the European Union

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