Meta was fined by European privacy regulators a record-breaking 1.2 billion euros ($1.3 billion) for the transfer of European Union users’ data to the U.S.
The decision is linked to an Australian privacy activist Max Schrems, who claimed that the framework used for the transfer of E.U. The decision is linked to a case brought by Max Schrems, an Australian privacy activist who alleged that the framework for transferring E.U.
There are several mechanisms for legally transferring personal data between the U.S.A. and the E.U. The validity of the Privacy Shield has been challenged. Privacy Shield was the latest iteration of this type of program. The European Court of Justice (the top court of the E.U.) struck it down in 2020.
The U.S. and E.U. Last year, the U.S. and E.U. “in principle” agreed on a new framework to facilitate cross-border data transfer. The new pact is not yet in effect.
The Irish Data Protection Commission oversees Meta’s operations in the E.U. The company was accused of violating the General Data Protection Regulations (GDPR) by continuing to send personal data from European citizens to the U.S.
The GDPR is a landmark regulation of the European Union that regulates companies operating in the bloc. The GDPR came into force in 2018.
Meta was fined 1.2 billion euros for violating the GDPR, which is the largest sum ever. Amazon was charged 746 million euro in 2021 for violating GDPR.
