meta user data – pressnews

[ad_1] The European Union slapped Meta with a record $1.3 billion privacy fine Monday and ordered it to stop transferring user data across the Atlantic by October, the latest salvo in a decadelong case sparked by U.S. cybersnooping fears.The penalty of 1.2 billion euros is the biggest since the EU's strict data privacy regime took effect five years ago, surpassing Amazon's 746 million euro fine in 2021 for data protection violations. Meta, which had previously warned that services for its users in Europe could be cut off, vowed to appeal and ask courts to immediately put the decision on hold. “There is no immediate disruption to Facebook in Europe,” the company said.“This decision is flawed, unjustified and sets a dangerous precedent for the countless other companies transferring data b...

[ad_1] The company appears not to know the full extent of what its systems do with users’ data. That could be a problem. For all the difficulties that Meta Platforms Inc. is going through with declining ad revenues, higher costs related to its risky investment in the metaverse and its first major restructuring, the company has been relatively lucky with privacy regulators.It has avoided the most detrimental fines under Europe's main privacy law, known as the General Data Protection Regulation or GDPR, despite making billions of dollars from being one of the world's biggest processors of personal data. But that luck may be about to run out. Meta looks like it could struggle to comply with the European Union's upcoming antitrust law, which prohibits data combination and reuse. In a rece...

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Meta fined record $1.3 billion and ordered to stop sending European user data to US

Meta Gives Regulators a New Reason to Bite