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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2023-05-26T16:21:00
Meta’s latest punishment for breaching the European Union’s General Data Protection Regulation (GDPR) will have far-reaching ramifications for companies both in Europe and beyond.
Primarily, the financial penalty of 1.2 billion euros (U.S. $1.3 billion) shows EU data protection authorities believe large fines—this case marking a record in the GDPR’s five-year history—can be both punitive and dissuasive.
“The fine is a stark reminder to large multinational organizations of their duties under European data protection law,” said Simon Ridding, senior associate at law firm Keller Postman. “The hefty fine signals to other large corporations to put their own houses in order or face crippling penalties.”
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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
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2024-01-31T14:52:00Z By Neil Hodge
Experts weigh in on Meta’s plans to charge EU users monthly if they do not want to be tracked for online advertising and what the ramifications of the model would mean for the future of the General Data Protection Regulation.
2023-07-18T14:46:00Z By Neil Hodge
The European Commission might have given a green light to the latest mechanism to allow safe data transfers between the European Union and the United States, but experts have mixed views regarding how long it will last and whether it is even legal.
2023-07-17T14:43:00Z By Kyle Brasseur
The Norwegian Data Protection Authority is set to impose a temporary ban on Meta carrying out behavioral advertising on Facebook and Instagram using the personal information of users in the country.
2024-07-26T12:54:00Z By Adrianne Appel
Michael Macko, deputy director of enforcement at the California Privacy Protection Agency, described priorities for the agency now and in the near future during a recent board meeting.
2024-07-24T13:19:00Z By Adrianne Appel
Eight large companies, including Mastercard and JPMorgan Chase, have been ordered by the Federal Trade Commission to provide detailed reports about their possibly secret use of artificial intelligence to track customers and use the information to set prices.
2024-06-24T21:02:00Z By Jeff Dale
Facial recognition company Clearview AI reached a preliminary settlement in a class action lawsuit alleging it violated the Illinois Biometric Privacy Act, with the company agreeing to compensate victims with stake in the company.
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