- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Neil Hodge2022-11-28T20:32:00
Meta Platforms was fined 265 million euros (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.
The Irish Data Protection Commission (DPC)—Meta’s European regulator—also reprimanded the company and imposed a range of corrective technical and organizational measures it must comply with within a three-month deadline.
In a decision adopted Nov. 25 and announced Monday, the data regulator said Meta infringed Article 25 of the General Data Protection Regulation (GDPR) over the way users’ details were “scraped” from public profiles from the date the EU’s privacy legislation went into effect on May 25, 2018, up until September 2019.
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Meta’s latest punishment for breaching the European Union’s General Data Protection Regulation will have far-reaching ramifications for companies both in Europe and beyond.
The Irish Data Protection Commission announced a record penalty of €1.2 billion (U.S. $1.3 billion) against Meta regarding its transfers of user data from the European Union to the United States in violation of the General Data Protection Regulation.
The Irish Data Protection Commission announced a fine of €5.5 million (U.S. $5.9 million) against WhatsApp under the General Data Protection Regulation for forcing users to consent to updated terms and conditions or lose access to the service.
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
