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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2023-01-04T18:46:00
The Irish Data Protection Commission (DPC) fined Meta Ireland a total of 390 million euros (U.S. $414 million) for breaching the General Data Protection Regulation (GDPR) by forcing users to agree their personal data can be used for targeted advertising to access Facebook and Instagram.
Of the penalty total, €210 million (U.S. $223 million) relates to Facebook breaches and €180 million (U.S. $191 million) to Instagram breaches, the regulator announced Wednesday. Complaints against the platforms were lodged the day the GDPR came into force in May 2018.
Meta Ireland must also bring its data processing operations into compliance with the decision within three months. The company said it plans to appeal.
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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.
2024-10-30T18:49:00Z By Jeff Dale
The Irish Data Protection Commission fined Microsoft-owned LinkedIn 310 million euros (U.S. $335 million) over violations of the European Union’s General Data Protection Regulation related to the social media company’s data processing and targeted advertising.
2023-07-17T14:43:00Z By Kyle Brasseur
The Norwegian Data Protection Authority is set to impose a temporary ban on Meta carrying out behavioral advertising on Facebook and Instagram using the personal information of users in the country.
2023-06-02T15:43:00Z By Aaron Nicodemus
Microsoft will reserve $425 million to pay a potential fine from the Irish Data Protection Commission regarding alleged violations of the General Data Protection Regulation by its social media subsidiary, LinkedIn.
2024-11-26T19:59:00Z By Jeff Dale
The U.K. Financial Conduct Authority fined the London branch of Australian-based Macquarie Bank Limited more than 13 million pounds (U.S. $16.3 million) for “serious control failures” that allowed a trader to conceal hundreds of fictitious trades over a 20-month period.
2024-11-26T17:29:00Z By Aaron Nicodemus
French defense and aviation contractor Thales Group is under investigation by authorities in the U.K. and France for allegedly participating in bribery and corruption.
2024-11-26T14:53:00Z By Aaron Nicodemus
Hedge fund manager Scott Bessent, named by Donald Trump on Friday as his nominee for Treasury Secretary, has a clear mandate to deregulate the financial markets should he take the helm.
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