- 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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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.
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.
The Irish Data Protection Commission announced a fine of €5.5 million (U.S. $5.9 million) against WhatsApp under the General Data Protection Regulation for forcing users to consent to updated terms and conditions or lose access to the service.
Purported “testimonial and review” service Rytr agreed to stop selling its program that used artificial intelligence to create fake content as part of a consent order with the Federal Trade Commission.
Bank of America avoided a monetary penalty in agreeing to settle charges with the Treasury Department’s Office of the Comptroller of the Currency but was ordered to shore up previously disclosed deficiencies in its Bank Secrecy Act/anti-money laundering (BSA/AML) and sanctions compliance programs.
Aviation maintenance services provider AAR Corp. will pay nearly $56 million to settle charges that it violated the Foreign Corrupt Practices Act when it paid bribes to government officials in Nepal and South Africa.
