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- 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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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2022-08-15T15:19:00Z By Aaron Nicodemus
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.
2022-06-15T12:25:00Z By Neil Hodge
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.
2022-03-15T20:16:00Z By Neil Hodge
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.
2024-10-22T21:18:00Z By Adrianne Appel
Precision Toxicology has agreed to pay $27 million to settle allegations first brought by whistleblowers in three cases, that the company billed the federal government for unnecessary drug tests and paid kickbacks to doctors, the Department of Justice (DOJ) said.
2024-10-22T16:08:00Z By Aaron Nicodemus
Fund management company WisdomTree will pay $4 million to settle allegations by the Securities and Exchange Commission that it improperly invested in fossil fuel and tobacco companies in environmental, social and governance (ESG) funds despite promising to avoid them.
2024-10-18T18:10:00Z By Adrianne Appel
A Vietnamese alcohol company has agreed to pay $860,000 to settle allegations by the Office of Foreign Assets Control (OFAC) that its business with North Korea involved U.S. financial institutions.
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