Meta fined record $1.3 billion for not meeting EU data privacy standards

Monday, May 22, 2023 - 11:23 in Mathematics & Economics

Ireland’s DPC has determined Facebook’s data transfer protocols to the US do not “address the risks to the fundamental rights and freedoms” of EU residents. Deposit Photos Ireland’s Data Protection Commission (DPC) slapped Meta with a record-shattering $1.3 billion (€1.2 billion) fine Monday alongside an order to cease transferring EU users’ Facebook data to US servers. But despite the latest massive penalty, some legal experts warn little will likely change within Meta’s overall approach to data privacy as long as US digital protections remain lax. The fine caps a saga initiated nearly decade ago thanks to whistleblower Edward Snowden’s damning reveal of American digital mass surveillance programs. Since then, data privacy law within the EU changed dramatically following the 2016 passage of its General Data Protection Regulations (GDPR). After years of legal...

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