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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-09-15T17:50:00
The Irish Data Protection Commission (DPC) announced a penalty of 345 million euros (U.S. $368 million) against popular social media company TikTok over alleged violations of the European Union’s General Data Protection Regulation (GDPR) during a five-month period in 2020.
The fine against TikTok Technology Limited addresses alleged violations of Articles 5, 12, 13, 24, and 25 of the GDPR, specifically in relation to public-by-default and age-verification settings on its platform, the Irish DPC said in a press release Friday.
In total, TikTok was fined €165 million (U.S. $176 million) for the alleged violations of Articles 5 and 25 and €180 million (U.S. $192 million) regarding Articles 12 and 13, according to a final decision published by the European Data Protection Board (EDPB), which intervened in the cross-border case.
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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.
2024-08-07T15:56:00Z By Adrianne Appel
TikTok is in hot water with the Department of Justice and Federal Trade Commission over widespread failures to comply with a 2019 consent order to enhance compliance with children’s privacy laws.
2024-04-26T17:40:00Z By Jeff Dale
TikTok is suspending new features amid an inquiry by the European Commission into its compliance with the Digital Services Act, all while responding to a U.S. ban just signed into law.
2024-03-29T13:41:00Z By Neil Hodge
The Irish Data Protection Commission has a new leadership structure, but it is uncertain whether the changes can get the key privacy regulator caught up on enforcement of the General Data Protection Regulation.
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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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