Meta fined a record $1.3 billion over EU user information transfers to the U.S.

Meta fined a record $1.3 billion over EU user data transfers to the U.S.

Revealed: The Secrets our Clients Used to Earn $3 Billion

Visitors take pictures in front of the Meta indication at its head office in Menlo Park, California, December 29, 2022.

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Meta has actually been fined a record 1.2 billion euro ($ 1.3 billion) by European personal privacy regulators over the transfer of EU user information to the U.S.

The choice links back to a case brought by Australian personal privacy advocate Max Schrems who argued that the structure for moving EU resident information to America did not secure Europeans from U.S. monitoring.

Several systems to lawfully move individual information in between the U.S. and the EU have actually been objected to. The newest such version, Privacy Shield, was overruled by the European Court of Justice, the EU’s leading court, in 2020.

The U.S and EU in 2015 “in principle” accepted a brand-new structure for cross-border information transfers. However, the brand-new pact has actually not yet entered impact.

The Irish Data Protection Commission that overseas Meta operations in the EU declared that the business infringed the bloc’s General Data Protection Regulation (GDPR) when it continued to send out the individual information of European residents to the U.S.

GDPR is the EU’s landmark information security guideline that governs companies active in the bloc. It entered impact in 2018.

The 1.2 billion euro charge for Meta is the greatest amount that any business has actually been fined for breaching GDPR. The previous biggest fine was a 746 million euros charge for e-commerce giant Amazon for breaching GDPR in 2021.

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