Meta Violation Of Data Privacy Rules Set To Cost Company $1.3 Billion

Facebook’s parent company, Meta, was ordered to pay out €1.2 billion, or about $1.3 billion, for failing to abide by the European Union’s privacy policies.

The fine was imposed by the Irish Data Protection Commission which charged that Meta had violated the terms of General Data Protection Regulations (GDPR), a set of rules for protecting customer privacy in the European Union.

The fine amounts to the largest ever imposed under GDPR, which has been enforced since May 2018.

Regulators said data transfers made by Meta between the United States and European Union had failed to comply with “standard contractual clauses” in place since July 2020.

“The unprecedented fine is a strong signal to organizations that serious infringements have far-reaching consequences,” Andrea Jelinek, chair of the European Data Protection Board Chair, said in a statement.

Meta also owns Instagram and WhatsApp.

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Edited by Jesus Chan

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