- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2022-09-19T20:03:00
South Korea’s data regulator fined Google and Meta a total of 100 billion won (U.S. $72 million) for violating the country’s personal data collection law, which forbids the collection and use of personal information without user consent.
The Personal Information Protection Commission (PIPC) announced penalties of ₩69.2 billion (U.S. $50 million) against Google and ₩30.8 billion (U.S. $22 million) against Meta for violating the Personal Information Protection Act from 2019-21, according to a Sept. 14 press release.
The fines are the largest ever issued by the PIPC regarding privacy violations and the first penalties related to the collection and use of behavioral information of online customized advertising platforms.
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Google was ordered to pay 60 million Australian dollars (U.S. $42 million) to resolve charges levied by Australia’s competition regulator it misled its Australian customers about how to opt out from the collection of their personal location data.
Google’s latest fine for violations of the General Data Protection Regulation reignites the discussion around why Big Tech firms have not been more frequently penalized under the EU’s stringent privacy law.
The Irish Data Protection Commission fined Meta’s Irish subsidiary 17 million euros (U.S. $18.6 million) for a series of personal data breaches that took place nearly four years ago.
Two large data brokers, Mobilewalla and Gravy Analytics, collected billions of records containing sensitive geolocation and personal data of millions of people, and then sold it without their consent, the Federal Trade Commission said.
Cannabis hedge fund Navy Capital Green Management agreed to pay $150,000 to settle charges levied by the Securirties and Exchange Commission that the firm misled investors about its AML/CFT policies and allowed a sanctioned Russian oligarch to invest.
Elon Musk, the world’s wealthiest person and the apparent right-hand man of incoming U.S. president Donald Trump, has been taken to court for a third time by the Securities and Exchange Commission for allegedly violating securities law.
