Meta has been slapped with a record 1.2 billion euro ($1.3 billion) fine by the European Union's chief privacy regulator for its management of user information and given five months to halt transmitting customers' data to the United States.
According to a DPC statement issued on Monday, the amount imposed by Ireland's Data Protection Commissioner (DPC) for Meta's continuing transfer of personal data surpassed the previous 746 million euro record EU privacy fine set by Luxembourg on Amazon.com Inc in 2021.
In a statement, Meta said it will fight the verdict, including the "unjustified and unnecessary fine," and will seek a stay of the orders through the courts.
The long-running debate over where Facebook stores its data began a decade ago, when Austrian privacy activist Max Schrems filed a judicial challenge about the potential of US surveillance in light of revelations by former US National Security Agency contractor Edward Snowden.
Meta stated last month that it expects a new accord easing the safe flow of personal data from EU individuals to the US to be fully implemented before suspending transfers.
That means the company's previous warning that a strike would force it to shut Facebook services in Europe will not come true.
Officials have stated that the new data protection framework, which was agreed upon by the European Union and the United States government in March 2022, could be completed by July, but Meta has also stated that there is a potential it will not be finished in time.
(Source:www.channelnewsasia.com)
According to a DPC statement issued on Monday, the amount imposed by Ireland's Data Protection Commissioner (DPC) for Meta's continuing transfer of personal data surpassed the previous 746 million euro record EU privacy fine set by Luxembourg on Amazon.com Inc in 2021.
In a statement, Meta said it will fight the verdict, including the "unjustified and unnecessary fine," and will seek a stay of the orders through the courts.
The long-running debate over where Facebook stores its data began a decade ago, when Austrian privacy activist Max Schrems filed a judicial challenge about the potential of US surveillance in light of revelations by former US National Security Agency contractor Edward Snowden.
Meta stated last month that it expects a new accord easing the safe flow of personal data from EU individuals to the US to be fully implemented before suspending transfers.
That means the company's previous warning that a strike would force it to shut Facebook services in Europe will not come true.
Officials have stated that the new data protection framework, which was agreed upon by the European Union and the United States government in March 2022, could be completed by July, but Meta has also stated that there is a potential it will not be finished in time.
(Source:www.channelnewsasia.com)
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