Facebook owner Meta fined €1.2bn for mishandling user information
Facebook owner Meta has been fined a record €1.2bn (£1bn) and ordered to suspend the transfer of data from Facebook users in the EU to the US.The fine imposed by Ireland’s Data Protection Commission (DPC), which regulates Meta across the EU, is a record for a breach of the bloc’s general data protection regulation.The suspension of Facebook data transfers is not immediate and Meta has been given five months to enact it.Sign up to Business TodayGet set for the working day – we'll point you to all the business news and analysis you need every morningafter newsletter promotionThe DPC punishment relates to a legal challenge brought by an Austrian privacy campaigner, Max Schrems, over concerns resulting from the Edward Snowden revelations that European users’ data is not sufficiently protected from US intelligence agencies when it is transferred across the Atlantic.
Read more on theguardian.com
