Meta, the company that owns WhatsApp, Facebook and Instagram, is facing a record $1.3 billion fine over data transfers.
According to the global news agency, the European Union’s privacy regulator has imposed a record 1.2 billion euro (1.3 billion) fine on Meta Company through Ireland’s Data Protection Commissioner for failing to protect consumer information and privacy in 5 months. has ordered to stop the transfer to America.
The fine is higher than the €746 million fine imposed on Amazon by the European Union in 2021. Thus, Meta Company is facing a record fine.
The Meta company was accused of continuing to transfer European consumer data to the US despite a 2020 EU court ruling that it violated the US-EU data transfer agreement.
In a statement, Meta Company’s spokesperson termed the fine as unfair and unnecessary, saying that the fine will set a dangerous precedent for countless other companies.
Facebook company Metta also expressed hope that a new agreement facilitating the secure transfer of EU citizens’ personal data to the US would be fully implemented before it suspended the transfer. Big.
The debate over where Facebook stores its users’ data first began a decade ago when Austrian privacy campaigner Max Schreims raised the risk of US spying in light of revelations by former US National Security Agency contractor Edward Snowden. A legal challenge was presented.
