Meta Platforms

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

Reuters

This is AI generated summarization, which may have errors. For context, always refer to the full article.

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

META. A security guard stands watch by the Meta sign outside the headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California, US November 9, 2022

Peter DaSilva/Reuters

Meta's penalty will be higher than the previous record 746 million euro fine for Amazon.com, sources say

Meta Platforms is set to face a record European Union privacy fine related to data transfer of Facebook’s EU users to US servers for failing to comply with a warning by a top EU court, two sources familiar with the matter said.

The penalty will be higher than the previous record 746 million euros ($821.20 million) fine for Amazon.com, according to the sources.

Meta declined to comment, while the Irish Data Protection Commission (DPC) and the European Commission did not immediately respond to Reuters’ requests for comment.

EU regulators led by Ireland’s Data Protection Commissioner Helen Dixon have been finalizing a ban on the legal tool used by Facebook to transfer European user data because of concerns US intelligence agencies could access the information.

In April, they said the Irish DPC had one month to make an order blocking Facebook’s transatlantic data flows. The ban could be in place by mid-May.

Europe’s highest court ruled in 2020 that an EU-US data transfer agreement was invalid, citing surveillance concerns.

Meta last year warned that an order to ban the mechanism it uses to transfer data from Europe to the United States could force it to suspend Facebook services in Europe. – Rappler.com

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI

How does this make you feel?

Loading
Download the Rappler App!