facebook owner Meta Platforms Inc The record was hit by €1.2 billion ($1.3 billion) eu privacy ok And given a deadline to stop sending users’ data to the US after regulators failed to protect personal information from the prying eyes of US security services.
The social network giant’s continued data transfer to the US did not address the “risks to fundamental rights and freedoms” of those whose data was being transferred across the Atlantic, according to a ruling Irish Data Protection Commission announced on Monday.
On top of the fine, which previously Amazon.com Inc. Receives a €746 million EU confidentiality penalty awarded to meta It was given six months to “suspend any future transfer of personal data to the US” and to prevent “unlawful processing, including storage in the US” of the transferred personal EU data.
The data-transfer ban for Meta was widely expected and once prompted the US firm to threaten total withdrawal from the European Union. But its impact is now muted by the transition phase set out in the decision and the prospect of a new EU-US data flow agreement that could already be operational by the middle of this year.
Monday’s decision is the latest round in a long-running saga that ultimately saw Facebook and thousands of other companies plunge into a legal vacuum. In 2020, the EU’s top court struck down an EU-US treaty that controlled transatlantic data flows over fears citizens’ data would not be secure after arriving on US servers. While judges did not strike down an alternative tool based on contractual clauses, their doubts about US data protection quickly led to a preliminary order from the Irish authority, which said it could no longer process data through this other method. Cannot transfer to US.
EU regulators in December unveiled proposals to replace the previous “Privacy Shield” agreement, which was rejected by the Court of Justice of the European Union. This followed months of negotiations with the US, which resulted in an executive order by President Joe Biden and a US pledge to ensure that EU citizens’ data is secure once it is shipped across the Atlantic.
The meta fine coincides with the fifth anniversary of the EU’s General Data Protection Regulation, widely seen as the world’s benchmark for privacy. Since May 2018, EU regulators in 27 countries have the power to impose fines of up to 4% of a company’s annual revenue for the most serious breaches. The Irish watchdog has been transformed overnight into the key privacy regulator for some of the biggest tech firms with EU bases in the country, such as Meta and Apple Inc.
The social network giant’s continued data transfer to the US did not address the “risks to fundamental rights and freedoms” of those whose data was being transferred across the Atlantic, according to a ruling Irish Data Protection Commission announced on Monday.
On top of the fine, which previously Amazon.com Inc. Receives a €746 million EU confidentiality penalty awarded to meta It was given six months to “suspend any future transfer of personal data to the US” and to prevent “unlawful processing, including storage in the US” of the transferred personal EU data.
The data-transfer ban for Meta was widely expected and once prompted the US firm to threaten total withdrawal from the European Union. But its impact is now muted by the transition phase set out in the decision and the prospect of a new EU-US data flow agreement that could already be operational by the middle of this year.
Monday’s decision is the latest round in a long-running saga that ultimately saw Facebook and thousands of other companies plunge into a legal vacuum. In 2020, the EU’s top court struck down an EU-US treaty that controlled transatlantic data flows over fears citizens’ data would not be secure after arriving on US servers. While judges did not strike down an alternative tool based on contractual clauses, their doubts about US data protection quickly led to a preliminary order from the Irish authority, which said it could no longer process data through this other method. Cannot transfer to US.
EU regulators in December unveiled proposals to replace the previous “Privacy Shield” agreement, which was rejected by the Court of Justice of the European Union. This followed months of negotiations with the US, which resulted in an executive order by President Joe Biden and a US pledge to ensure that EU citizens’ data is secure once it is shipped across the Atlantic.
The meta fine coincides with the fifth anniversary of the EU’s General Data Protection Regulation, widely seen as the world’s benchmark for privacy. Since May 2018, EU regulators in 27 countries have the power to impose fines of up to 4% of a company’s annual revenue for the most serious breaches. The Irish watchdog has been transformed overnight into the key privacy regulator for some of the biggest tech firms with EU bases in the country, such as Meta and Apple Inc.