- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2022-11-28T20:32:00
Meta Platforms was fined 265 million euros (U.S. $274 million) for failing to put in place adequate measures to protect users’ data after a leak compromised the personal details of more than half a billion individuals.
The Irish Data Protection Commission (DPC)—Meta’s European regulator—also reprimanded the company and imposed a range of corrective technical and organizational measures it must comply with within a three-month deadline.
In a decision adopted Nov. 25 and announced Monday, the data regulator said Meta infringed Article 25 of the General Data Protection Regulation (GDPR) over the way users’ details were “scraped” from public profiles from the date the EU’s privacy legislation went into effect on May 25, 2018, up until September 2019.
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2023-05-26T16:21:00Z By Neil Hodge
Meta’s latest punishment for breaching the European Union’s General Data Protection Regulation will have far-reaching ramifications for companies both in Europe and beyond.
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The Irish Data Protection Commission announced a record penalty of €1.2 billion (U.S. $1.3 billion) against Meta regarding its transfers of user data from the European Union to the United States in violation of the General Data Protection Regulation.
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The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
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