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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-06-02T15:43:00
Microsoft will reserve $425 million to pay a potential fine from the Irish Data Protection Commission (DPC) regarding alleged violations of the General Data Protection Regulation (GDPR) by its social media subsidiary, LinkedIn.
Microsoft, which made the disclosure Thursday on its investor relations page, said the Irish DPC began investigating a complaint against LinkedIn in 2018, alleging the platform’s targeted advertising practices violated the GDPR. The stringent European Union privacy law took effect that year.
In April, Microsoft said it received a preliminary draft decision from the Irish DPC that found LinkedIn’s targeted advertising practices violated the GDPR. Microsoft said it cooperated with the inquiry.
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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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Full price one year membership with auto-renewal.
Membership $599
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2024-10-30T18:49:00Z By Jeff Dale
The Irish Data Protection Commission fined Microsoft-owned LinkedIn 310 million euros (U.S. $335 million) over violations of the European Union’s General Data Protection Regulation related to the social media company’s data processing and targeted advertising.
2024-03-29T13:41:00Z By Neil Hodge
The Irish Data Protection Commission has a new leadership structure, but it is uncertain whether the changes can get the key privacy regulator caught up on enforcement of the General Data Protection Regulation.
2023-09-07T13:21:00Z By Neil Hodge
Companies that think paying reduced ransomware demands would be a better move than informing regulators of a data breach and facing enforcement are playing with fire, according to experts.
2024-12-03T21:32:00Z By Aaron Nicodemus
German petrochemical parts supplier Aiotec agreed to pay $14.5 million to settle allegations that it engaged in a four-year conspiracy to dismantle and ship a plastics manufacturing plant owned by a U.S. company to Iran, in violation of U.S. sanctions.
2024-12-03T17:48:00Z By Aaron Nicodemus
Kiromic BioPharma will pay no fine to the Securities and Exchange Commission after self-reporting that it failed to disclose material information about two cancer drugs to investors.
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.
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