| The European Data Protection Board (EDPB) has fined Meta nearly $1.3B for breaching privacy protection laws regarding data transfer between the U.S. and the EU . This marks the largest fine ever levied by the EU's General Data Protection Regulation (GDPR). - The
EDPB has ordered Meta to halt all data transfers between the EU and the
U.S. for five months and has given the tech conglomerate six months to
implement the required changes.
- If
Meta fails to change its practices within the next six months, it will
be forced to delete the data of hundreds of millions of EU users from
the last decade.
- EDPB's chair, Andrea Jelinek, referred to Meta's data transfer violations as "systematic, repetitive, and continuous."
- Meta cites fundamental differences between U.S. and EU law as the root of the issue rather than its own practices. The EU-U.S. Data Protection Framework (DPF),
which President Biden signed in 2022, has prompted concerns among EU
policymakers, who say it does not fully meet GDPR standards.
- The
impact that this ruling will have on Meta's advertising business is
unknown, but roughly 10% of the tech giant's global ad revenue comes
from Europe.
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