Business

Irish regulator proposes € 36 million Facebook privacy fine

© Reuters. File Photo: Austrian lawyer and privacy activist Max Schrems poses after an interview with Reuters on July 16, 2020 in Vienna, Austria. Reuters / Lisi Niesner

Dublin (Reuters)-Ireland’s Data Protection Commission (DPC) liquidates Facebook (NASDAQ :) for up to € 36 million ($ 42 million) in one of more than 12 surveys published to social media giants Proposed that. Decision announced by the petitioner on Wednesday.

Under the European Union 2018 Data Protection Regulations, DPCs should share preliminary decisions with all relevant EU regulators and consider their views before making a final verdict.

With its EU headquarters in Ireland, the Irish Commission is the leading regulator of Facebook and many other of the world’s largest technology companies and is under Block’s “one-stop shop” data regime.

The complaint filed by Austrian privacy activist Max Schrems was about the legality of Facebook’s processing of personal data, especially its terms of use.

According to a draft decision released by Schrems’ digital rights group NOYB, DPC has proposed a fine of € 28-36 million if Facebook fails to provide enough information.

The draft ruling explained the infringement as serious in nature and Facebook criticized the lack of transparency.

Facebook was unable to comment immediately.

Schrems criticized the findings, showing that DPC emphasized that Facebook would circumvent the EU’s GDPR privacy rules by moving terms of agreement related to areas such as advertising and online tracking to the Terms of Service. ..

A DPC spokesperson sent the draft decision to other supervisors and said there was no further comment as the process was underway.

Facebook’s WhatsApp subsidiary received a record € 225 million fine from Irish regulators last month after EU Privacy Watchdog pressured DPCs to raise fines after being criticized by other regulators. I was fined.

The DPC has also raised a much smaller fine of € 450,000 on Twitter (NYSE :) after similar interventions from other regulators. This is the first sanction under the GDPR regulations.

($ 1 = 0.8663 euros)

Disclaimer: Fusion media We inform you that the data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are offered by market makers, not exchanges, so prices may not be accurate and may differ from actual market prices. In other words, price is an indicator and is not suitable for trading purposes. Therefore, Fusion Media is not responsible for any transactional losses that may occur as a result of using this data.

Fusion media Alternatively, anyone involved in Fusion Media will not be liable for any loss or damage resulting from relying on the data, quotes, charts, trading signals and other information contained on this website. Please be fully informed about the risks and costs associated with financial market transactions. This is one of the most risky forms of investment possible.



Irish regulator proposes € 36 million Facebook privacy fine

Source link Irish regulator proposes € 36 million Facebook privacy fine

Related Articles

Back to top button