- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2022-09-19T20:03:00
South Korea’s data regulator fined Google and Meta a total of 100 billion won (U.S. $72 million) for violating the country’s personal data collection law, which forbids the collection and use of personal information without user consent.
The Personal Information Protection Commission (PIPC) announced penalties of ₩69.2 billion (U.S. $50 million) against Google and ₩30.8 billion (U.S. $22 million) against Meta for violating the Personal Information Protection Act from 2019-21, according to a Sept. 14 press release.
The fines are the largest ever issued by the PIPC regarding privacy violations and the first penalties related to the collection and use of behavioral information of online customized advertising platforms.
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Google was ordered to pay 60 million Australian dollars (U.S. $42 million) to resolve charges levied by Australia’s competition regulator it misled its Australian customers about how to opt out from the collection of their personal location data.
Google’s latest fine for violations of the General Data Protection Regulation reignites the discussion around why Big Tech firms have not been more frequently penalized under the EU’s stringent privacy law.
The Irish Data Protection Commission fined Meta’s Irish subsidiary 17 million euros (U.S. $18.6 million) for a series of personal data breaches that took place nearly four years ago.
Eight business executives, including the billionaire owner of Indian energy company Adani Group, were charged with fraud for their alleged roles in a multi-million bribery scheme to win a solar energy contract in India.
Three months after a U.S. district judge declared Google to be running a monopoly, the Department of Justice recommended the tech giant be forced to sell off its popular Chrome browser as part of an effort to resolve antitrust concerns and reshape the power of tech’s biggest companies.
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.
