Facebook's parent company, Meta, was fined €1.2 billion, or about $1.3 billion, for failing to comply with the European Union's privacy policies. The Irish Data Protection Commission announced the fine on Monday, saying Meta had violated the terms of General Data Protection Regulations, a set of rules for protecting customer privacy in the European Union. Regulators said data transfers made by Meta between the United States and European Union had failed to comply with "standard contractual clauses" in place since July 2020. "The unprecedented fine is a strong signal to organisations that serious infringements have far-reaching consequences," Andrea Jelinek, chair of the European Data Protection Board, said in a statement. Meta fined $1.3 billion for violating European data privacy rules originally appeared on abcnews.go.com

Source: ABC News May 22, 2023 15:49 UTC