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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2022-09-21T14:36:00
In fining Instagram a record 405 million euros (U.S. $405 million) earlier this month for General Data Protection Regulation (GDPR) violations regarding the safeguarding of teenage users’ data, the Irish Data Protection Commission (Irish DPC) took some heat of its own.
The regulator began its investigation in 2020 into the way users between the ages of 13 and 17 could open “business accounts” on the social media platform, which led to their phone numbers and/or email addresses being published widely in certain cases, and why child users’ accounts had a default “public” rather than “private” setting.
Judging from the European Data Protection Board’s (EDPB) binding decision, released Sept. 15, deliberations during the cross-border case were far from smooth.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2022-09-06T19:30:00Z By Neil Hodge
Instagram is set to be fined €405 million (U.S. $401 million) by Ireland’s data protection regulator for failing to adequately secure teenage users’ data in line with the General Data Protection Regulation.
2022-02-07T19:39:00Z By Aaron Nicodemus
Meta Platforms is threatening to pull down Facebook and Instagram in the European Union over concerns it cannot meet data-sharing rules set in the region’s General Data Protection Regulation.
2021-10-15T15:24:00Z By Neil Hodge
The Irish Data Protection Commission has set out plans to fine Facebook between €28 million and €36 million (U.S. $32 million and $42 million) for violations of the General Data Protection Regulation.
2024-11-20T18:15:00Z By Aaron Nicodemus
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
2024-11-19T21:05:00Z
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
2024-11-19T19:26:00Z By Aaron Nicodemus
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
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