The European Union has slapped Meta with a record $1.3-billion privacy fine and ordered it to stop transferring user data across the Atlantic.
European Union regulators have hit Facebook parent Meta with hundreds of millions in fines and banned the company from forcing users to agree to personalized ads.Europe’s strict view on data privacy
Brussels and Washington signed an agreement last year on a reworked Privacy Shield that Meta could use, but the pact is awaiting a decision from European officials on whether itEU institutions have been reviewing the agreement, and the bloc’s lawmakers this month called for improvements, saying the safeguards aren’t strong enough.Facebook says it has identified and stopped a sprawling network of fake accounts that spread Russian propaganda about the invasion of Ukraine.
The Irish watchdog said it gave Meta five months to stop sending European user data to the U.S. and six months to bring its data operations into compliance “by ceasing the unlawful processing, including storage, in the U.S.” of European users’ personal data transferred in violation of the bloc’s privacy rules.
Schrems predicted that Meta has “no real chance” of getting the decision materially overturned. And a new privacy pact might not mean the end of Meta’s troubles, because there’s a good chance it could be tossed out by the EU’s top court, he said.
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