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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2022-09-06T19:30:00
Instagram is set to be fined 405 million euros (U.S. $401 million) by Ireland’s data protection regulator for failing to adequately secure teenage users’ data in line with the General Data Protection Regulation (GDPR).
The penalty will be the largest to date handed down by the Irish Data Protection Commission (DPC), the primary European data regulator for the social media giant. It is the third fine in the past year against a subsidiary of Meta, following sanctions of €17 million (then-U.S. $18.6 million) in March against Meta Ireland (formerly Facebook Ireland) and €225 million (then-U.S. $267 million) in September 2021 against WhatsApp.
In an emailed statement, a spokesperson for the Irish DPC confirmed it adopted its final decision Friday regarding the Instagram fine. Full details in the case are expected to be published next week.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
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Membership $599
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2023-02-16T21:00:00Z By Neil Hodge
Italy’s data protection authority banned U.S.-based AI chatbot creator Replika from processing the personal data of Italian users because of risks the service posed to minors and vulnerable people—the latest example of a tech company’s product running afoul of the GDPR.
2022-11-28T20:32:00Z By Neil Hodge
Meta Platforms Ireland was fined €265 million (U.S. $274 million) for failing to put in place adequate measures to protect users’ data after a leak compromised the personal details of more than half a billion individuals.
2022-11-22T18:09:00Z By Aaron Nicodemus
A privacy and human rights advocate sued Meta Platforms in the United Kingdom, claiming the social media giant is refusing her request to stop being targeted with advertising based on her use of Facebook.
2024-11-26T19:59:00Z By Jeff Dale
The U.K. Financial Conduct Authority fined the London branch of Australian-based Macquarie Bank Limited more than 13 million pounds (U.S. $16.3 million) for “serious control failures” that allowed a trader to conceal hundreds of fictitious trades over a 20-month period.
2024-11-26T17:29:00Z By Aaron Nicodemus
French defense and aviation contractor Thales Group is under investigation by authorities in the U.K. and France for allegedly participating in bribery and corruption.
2024-11-26T14:53:00Z By Aaron Nicodemus
Hedge fund manager Scott Bessent, named by Donald Trump on Friday as his nominee for Treasury Secretary, has a clear mandate to deregulate the financial markets should he take the helm.
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