Meta Gets $1.3 Billion Fine for Sharing European Data With US

Newstoday: Meta was reportedly transmitting EU user data over the Atlantic despite being instructed to halt in October 2022, resulting in a record-breaking $1.3 billion punishment.

Meta, the parent company of Facebook and Instagram, has been fined a record-breaking $1.3 billion by the European Union after it was discovered transporting user data over the Atlantic despite being told to halt in October 2022. According to the EDPB, Meta was penalized under the EU's (GDPR) and received such a large sum because it ignored earlier EU rulings and warnings. This $1.3 billion fine against Meta is the first by the EU Data Protection Board to exceed a billion dollars, with the second largest charge presently being a €746 million fine against Amazon in 2021.

Meta stated in its most recent statement on the matter that it will now submit an appeal against the ruling, as well as an appeal against the "unjustified and unnecessary fine." Since 2020, the (DPC), an organization that works closely with the European Union, has been reviewing Meta's transmission of EU data, and the commission ruled that Meta has failed to "address the risks to data subjects' fundamental rights and freedoms." "The breach by Meta is extremely serious because it involves transfers that are systematic, repetitive, and continuous," said EDPB chair Andrea Jelinek. "Because Facebook has millions of users in Europe, the amount of personal data transferred is enormous." "The unprecedented fine sends a clear message to organisations that serious violations have far-reaching consequences," she added.