Meta Facing Massive Fine , For Breaching EU's , Data Protection Regulation.<br />NBC reports that Meta has been hit with a $1.3 billion <br />fine by privacy regulators in the European Union <br />over the transfer of users' data to the U.S. .<br />The regulators have contested several <br />mechanisms which legally allow Meta to <br />transfer personal data from the EU to the U.S.<br />In 2020, the European Court <br />of Justice struck down the latest <br />iteration, known as Privacy Shield. .<br />According to the Irish Data Protection Commission, <br />Meta has infringed the EU's General Data Protection <br />Regulation (GDPR) by continuing to transfer data overseas.<br />According to the Irish Data Protection Commission, <br />Meta has infringed the EU's General Data Protection <br />Regulation (GDPR) by continuing to transfer data overseas.<br />NBC reports that Meta used standard <br />contractual clauses to transfer personal <br />data both in and out of the EU.<br />NBC reports that Meta used standard <br />contractual clauses to transfer personal <br />data both in and out of the EU.<br />According to regulators, these clauses do "not address <br />the risks to the fundamental rights and freedoms <br />of data subjects that were identified” in the GDPR.<br />Meta is now facing the highest fine any <br />company has faced for breaching the GDPR.<br />NBC reports that Meta responded by <br />saying that it would appeal both <br />the decision and the $1.3 billion fine.<br />We are appealing these decisions <br />and will immediately seek a stay with <br />the courts who can pause the <br />implementation deadlines, given <br />the harm that these orders would <br />cause, including to the millions <br />of people who use Facebook every day, Nick Clegg, Meta president of global affairs, <br />and Jennifer Newstead, Meta chief legal office, via NBC.<br />The news highlights an agreement between the U.S. <br />and the EU that sets up a framework for cross-border<br />data transfers that has yet to be put into effect.
