Meta Fined Record $1.3 Billion in EU Over US Data Transfers

Facebook owner Meta was hit by a record $1.3 billion European Union privacy fine and given a deadline to stop shipping users' data to the US after regulators said it failed to protect personal information from the prying eyes of American security services. Bloomberg News: The social network giant's continued data transfers to the US didn't address 'the risks to the fundamental rights and freedoms' of people whose data was being transfered across the Atlantic, according to a decision by the Irish Data Protection Commission announced on Monday. On top of the fine, which eclipses a $806 million EU privacy penalty previously doled out to Amazon, Meta was given five months to 'suspend any future transfer of personal data to the US' and six months to stop 'the unlawful processing, including storage, in the US' of transferred personal EU data. A data-transfers ban for Meta was widely expected and once prompted the US firm to threaten a total withdrawal from the EU. But its impact has now been muted by the transition phase given in the decision and the prospect of a new EU-US data flows agreement that could already be operational by the middle of this year.

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