May 22, 2023 /Business/ — The European Union (EU) has fined Facebook parent Meta $1.3 billion for transferring user data to the United States without adequate safeguards in place. The fine is the largest ever imposed by the EU for data protection violations.
The EU’s General Data Protection Regulation (GDPR) requires companies to obtain consent from individuals before transferring their data outside of the EU. Meta argued that it had obtained consent from users, but the Irish Data Protection Commission (DPC) found that this consent was not valid. Continue reading