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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-09-15T17:50:00
The Irish Data Protection Commission (DPC) announced a penalty of 345 million euros (U.S. $368 million) against popular social media company TikTok over alleged violations of the European Union’s General Data Protection Regulation (GDPR) during a five-month period in 2020.
The fine against TikTok Technology Limited addresses alleged violations of Articles 5, 12, 13, 24, and 25 of the GDPR, specifically in relation to public-by-default and age-verification settings on its platform, the Irish DPC said in a press release Friday.
In total, TikTok was fined €165 million (U.S. $176 million) for the alleged violations of Articles 5 and 25 and €180 million (U.S. $192 million) regarding Articles 12 and 13, according to a final decision published by the European Data Protection Board (EDPB), which intervened in the cross-border case.
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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
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2024-08-07T15:56:00Z By Adrianne Appel
TikTok is in hot water with the Department of Justice and Federal Trade Commission over widespread failures to comply with a 2019 consent order to enhance compliance with children’s privacy laws.
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TikTok is suspending new features amid an inquiry by the European Commission into its compliance with the Digital Services Act, all while responding to a U.S. ban just signed into law.
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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.
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A lack of supervision and internal controls at Morgan Stanley Smith Barney allowed four of its investment advisers to steal millions from customers before the behavior was detected, the SEC said in charging the firm.
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A subsidiary of McKinsey & Co. will pay nearly $123 million to the Department of Justice to settle allegations that it bribed officials in South Africa to win consulting contracts.
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