This May 22, 2023, the european Union fined Goal (formerly Facebook) for the whopping number of €1.2 billion due to breach of the General Data Protection Regulation by the American company. It should be noted that it is the largest fine in the history of the European Union in terms of privacy; so it’s not another little admonition that Meta is used to dealing with by now.
Going into details, the European Committee for Data Protection (ECPD) and the Irish Data Protection Commission issued this fine in response to the transfer of personal data from the European Union to the United States. To be specific, the EU Data Protection Supervisor determined that Meta did not provide adequate guarantees for the transfer of such personal data; which puts European users at risk.
Andrea Jelinek, President of the CEDP, expressed the following:
“The CEDP considered that the infringement of Meta is very serious since it involves systematic, repetitive and continuous transfers. Facebook has millions of users in Europe, so the volume of personal data transferred is enormous.”
The European Union fines Meta for €1.2 billion and the story does not end there
Not content with imposing this monumental fine, the European Union has also ordered Meta Platforms, Inc. make your processing operations compliant with Chapter V of the GDPR, ceasing the unlawful processing and storage in the United States of personal data of European users. The latter must be fulfilled within a period of 6 months after notification of the final decision.
With this piece move, the European Union is sending a strong message to technology firms operating in Europe. Either comply with the letter of the GDPR or face the consequences. Similarly, the fine is a reminder that the EU takes the privacy of its citizens very seriously.
For his part, Meta has said it will appeal the fine. However, its mere existence is likely to have a significant impact on Meta’s business.
Via | CEDP