A record-breaking fine for Facebook for violating GDPR
Facebook has just been fined an astronomical 1.2 billion Euro – the biggest fine ever to be issued under GDPR.
The decision was made by Ireland’s Data Protection Commission on the basis that Facebook has been transferring user data from the EU to the US without proper safeguards which left the data vulnerable to US intelligence agencies.
The social media platform has also been ordered to suspend the transfer of user data from the EU to the US and was given a grace period of 06 months to do so.
The ruling, however, does not affect other social platforms of Meta – Facebook’s parent company, such as Instagram and WhatsApp. Meta has since stated its intention to appeal against the decision.
Link: https://www.theguardian.com/technology/2023/may/22/facebook-fined-mishandling-user-information-ireland-eu-meta
#data #socialmedia #facebook #intelligence #euro #gdpr #overseadatatransfer #biggest #fine
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