Sun, December 22

Meta (Facebook) Fined $1.3 Billion by Ireland Data Protection Commission

Meta (Facebook) Fined $1.3 Billion by Ireland Data Protection Commission Metaverse
  • Data traveling from Europe to the US is not protected enough as per Court findings.
  • The court’s decision applies just to Facebook and not to other Meta-owned services.

A record-breaking €1.2 billion ($1.3 billion) punishment was issued by the Data Protection Commission of Ireland against the social networking company, Meta. It is forbidden to send information on European Facebook users to the U.S. This is a serious breach of European Union data privacy laws.

Because of Meta’s disregard for a 2020 ruling by the European Union’s top court. The Irish regulator has issued a fine. According to the court’s findings, data traveling from Europe to the US is not protected enough. Especially against monitoring by US intelligence services.

Restrictions on Cross-border Data Transfers

The court’s decision applies just to Facebook and not to other Meta-owned services like Instagram and WhatsApp. Meta has said that it will appeal the ruling. And has reassured European Union Facebook users that the service will continue to function normally for the time being.

In response to the ruling, Meta argued that it had been singled out unjustly since other businesses engage in similar data-sharing methods. It was reported by the New York Times that Nick Clegg, Meta’s president of global affairs, and Jennifer Newstead, the company’s chief legal officer, had voiced worry about prospective restrictions on cross-border data transfers.

Moreover, the board insisted on the €1.2 billion punishment and compelled Meta to manage historical user data, which may entail erasure.

Furthermore, the corporation was fined €390 million in January for making users agree to tailored advertisements as a prerequisite to accessing Facebook. Also, it was hit with a €265 million penalties in November after a data breach.

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An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.