- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-09-27T22:30:00
The Irish Data Protection Commission (DPC) fined Meta Ireland 91 million euros (U.S. $102 million) for multiple violations of the European Union’s General Data Protection Regulation (GDPR) related to the inadvertent storage of user passwords without encryption.
In 2019, Meta Platforms Ireland Limited (MPIL) notified regulator and customers that “millions” of passwords were stored in “plaintext” on its internal systems, the Irish DPC announced in a press release Friday.
In June, a draft decision was handed down by other supervisory authorities, as required under Article 60 of the GDPR. On Wednesday, the Irish DPC notified MPIL of its decision to fine the social media giant over violations of Articles 5, 32, and 33 of the GDPR.
2024-11-01T19:00:00Z By Neil Hodge
Ireland’s cozy relationship with big business and Big Tech has once again come under scrutiny after the country’s media regulator allowed a $15 million one-off funding payment from Meta’s Oversight Board Trust to help launch the newly formed Appeal Centre Europe.
2024-10-30T13:55:00Z By Adrianne Appel
In an effort to streamline the enforcement of California’s stringent privacy rules, the Federal Communications Commission has signed a memorandum of understanding (MOU) with the California Privacy Protection Agency.
2024-07-31T17:14:00Z By Aaron Nicodemus
Meta agreed to pay $1.4 billion to the state of Texas to settle allegations regarding the unauthorized capture and use of personal biometric data of state residents.
2025-06-11T15:12:00Z By Adrianne Appel
The Department of Justice has charged the founder of cryptocurrency company Evita with 22 violations for allegedly laundering more than $500 million through U.S. banks and cryptocurrency exchanges, on behalf of sanctioned Russian entities.
2025-06-07T01:41:00Z By Oscar Gonzalez
The Securities and Exchange Commission Chair Paul Atkins explained his agency’s shift on cryptocurrency regulation to a Senate committee as legislators bargain over President Donald Trump’s “One Big Beautiful Bill” and the GENIUS Act, which would have the federal government invest heavily in cryptocurrency.
2025-06-04T15:24:00Z By Ruth Prickett
Up to 25,000 people a year in the U.K. are illegally promoting financial products or offering financial advice on social media, but none have yet appeared in court, according to the first Treasury Select Committee meeting on the subject of so-called “finfluencers.” Regulated financial services firms must comply with strict ...
Site powered by Webvision Cloud