Meta hit with record $1.3 billion fine by EU regulators over data transfers
European Union hits Facebook parent Meta with record $1.3 billion privacy fine and gives a deadline to stop shipping users’ data to the US after regulators said it failed to protect personal information from the prying eyes of American security services.
The social network giant’s continued data transfers to the US didn’t address “the risks to the fundamental rights and freedoms” of people whose data was being transferred across the Atlantic, the Irish Data Protection Commission said on Monday.
Meta was given five months to “suspend any future transfer of personal data to the US” and six months to stop “the unlawful processing, including storage, in the US” of transferred personal EU data.
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.