Meta to face record EU privacy fine over Facebook data transfer to US

Meta faces record EU privacy fine
Meta faces record EU privacy fine

Meta, the parent company of Facebook, is set to receive a record-breaking privacy fine from the European Union (EU) over the transfer of user data from the EU to the US.

The EU has expressed concerns that this transfer does not adequately protect the privacy rights of its citizens, as US data protection laws are not as strict as those in the EU.

They stated in April that the Irish DPC had one month to issue an injunction prohibiting Facebook’s transatlantic data transfers. The prohibition might go into effect by mid-May.
In 2020, Europe’s top court declared that an EU-US data-sharing deal was unlawful, citing worries about spying.

This fine sends a strong message that data privacy is of utmost importance, and companies that do not comply with EU regulations will face severe consequences. Stay tuned for further updates on this developing story

The Intersection of Artificial Intelligence and Finance: A New Era

Previous article

Features of Web Scraping Exemplified by Nannostomus Services

Next article

You may also like


Comments are closed.

More in News