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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-05-22T16:43:00
The Irish Data Protection Commission (DPC) on Monday announced a record penalty of 1.2 billion euros (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 (GDPR).
The long-awaited decision is of significant relevance to all companies engaging in transatlantic data transfers, as the ruling requires Meta Ireland to suspend any future transfer of personal data to the United States within five months. The penalty in the case is the largest under the GDPR, surpassing the yet-to-be-finalizedp €746 million (U.S. $806 million) fine assessed against Amazon by the Luxembourg data protection authority (DPA) in July 2021.
Meta, the parent company of Facebook, Instagram, and WhatsApp, said it would appeal the decision, including the fine. The company expects the issue of transatlantic data transfers will be soon addressed once the European Union and United States reach agreement on a new transfer framework.
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2023-09-15T17:50:00Z By Jeff Dale
The Irish Data Protection Commission announced a penalty of €345 million (U.S. $368 million) against popular social media company TikTok over alleged violations of the General Data Protection Regulation during a five-month period in 2020.
2023-08-01T13:34:00Z By Neil Hodge
Plans to speed up General Data Protection Regulation cases against the likes of Big Tech firms by improving cooperation among the European Union’s data regulators have been largely welcomed by experts.
2023-07-10T17:41:00Z By Kyle Brasseur
The European Commission announced it adopted a new agreement with the United States to allow for transatlantic data flows without fear of violating the European Union’s General Data Protection Regulation.
2024-07-26T19:18:00Z By Jeff Dale
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.
2024-07-26T15:51:00Z By Aaron Nicodemus
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.
2024-07-26T13:36:00Z By Adrianne Appel
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.
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