Meta Fined Record €1.2 Billion in EU Over US Data Transfers
- Decision follows long-running saga over US protection of data
- Impact of a ban on transfers may be muted by new EU-US pact
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Facebook owner Meta Platforms Inc. was hit by a record €1.2 billion ($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 American security services.
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, the Irish Data Protection Commission said on Monday.