Meta hit with $1.3B fine by EU over data privacy
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The EU has fined Meta (NASDAQ:META) 1.2B euros ($1.3B) for privacy violations, the biggest fine levied by the group.
The fine was made by Ireland's Data Protection Committee, which oversees Meta in the realm of data protection. The owner of Facebook was also ordered "to suspend any future transfer of personal data to the US within the period of five months from the date of notification of the DPCâs decision to Meta Ireland."
"The decision records that Meta Ireland infringed Article 46(1) GDPR when it continued to transfer personal data from the EU/EEA to the USA following the delivery of the CJEUâs judgment in Data Protection Commissioner v Facebook Ireland Limited and Maximillian Schrems," the DPC said. "While Meta Ireland effected those transfers on the basis of the updated Standard Contractual Clauses (âSCCsâ) that were adopted by the European Commission in 2021 in conjunction with additional supplementary measures that were implemented by Meta Ireland, the DPC found that these arrangements did not address the risks to the fundamental rights and freedoms of data subjects that were identified by the CJEU in its judgment."
"We are . . . disappointed to have been singled out when using the same legal mechanism as thousands of other companies looking to provide services in Europe,â Nick Clegg, Metaâs president of global affairs,' said according to the Financial Times. "This decision is flawed, unjustified and sets a dangerous precedent for the countless other companies transferring data between the EU and US."
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