Meta Platforms has been fined $1.3B by European Union regulators for illegally transferring user data to the U.S

 

Meta Platforms has been fined $1.3B by European Union regulators for illegally transferring user data to the U.S., highlighting the EU's increasing enforcement of privacy rules and the risks faced by companies that break them.  This underscores the need for a new data-sharing agreement between the U.S. and the EU to ensure continued data transfer. The penalty against Meta exceeds the previous high-water mark set by the General Data Protection Regulation (GDPR), a $806M fine against Amazon in 2021. The GDPR is being enforced more aggressively by EU privacy regulators, who have also increased fines. Meta has been told to stop sending information on European users to the U.S. and destroy any data sent within six months. Insisting that the decision creates a risky precedent for data transfers between the EU and the U.S., Meta plans to appeal the verdict and requested a postponement of the suspension order's implementation.