EU hits Apple, Meta with antitrust fines weeks after Trump tariffs announced
The European Union issued significant antitrust fines against two tech titans, hitting Apple with 500 million euros (U.S. $570 million) and Facebook owner Meta with 200 million euros (U.S. $228 million). The move sought to undermine key parts of both companies’ businesses less than a month after U.S. President Donald ...
'Measured approach' or light-handed GPDR? Noyb reports only 1.3 percent of EU cases result in fine
When Europe’s strict set of data protection rules came into force nearly seven years ago, privacy campaigners, industry experts, and lawyers all warned that noncompliance could result in eye-watering fines and other costly sanctions, especially for repeated breaches. However, the reality appears to be very different.
EDPB shift forces AI firms to embed procurement, risk management in GDPR considerations
Efforts to clarify the circumstances in which artificial intelligence models may or may not be violating the General Data Protection Regulation could result in yet more confusion for tech firms, companies deploying the technology, and even data protection authorities, according to experts.
Experts say DORA compliance not coming easy as more firms pass buck to IT providers
New rules have come into effect across the European Union to promote better cybersecurity and IT resilience across the financial services sector, but experts warn that compliance is likely to be patchy and regulatory enforcement across the bloc perhaps even patchier.
CJEU ruling adds to GDPR liability over unfair competition, AML/CFT
Legal cases and fines for noncompliance with EU’s GDPR could rise sharply after a court found that a breach was a source of unfair competition. The judgment also opens doors to civil cases over companies that ignoring expensive or challenging rules, such as those regarding AML/CFT.
Experts unsure of risk appetite as EU beefs up cyber rules for critical infrastructure
New rules on cyber risk management across the EU put execs firmly in the crosshairs for noncompliance and are likely to apply to a wider range of organizations than many business leaders may initially think. However, there are also concerns that the rules may become muddled across the wide bloc.
EU AI Act next GDPR? Proof in the pudding as boardrooms prioritize data governance
Breaches of the EU’s GDPR can cost companies substantial sums and huge reputational damage. Now some are warning that the implementation of the EU’s AI Act will be just as far-reaching, and could potentially lead to similar numbers of cases.
Good AI governance starts with proactive, continuous risk assessments
Data governance has become a key concern for companies, especially when the EU AI Act and General Data Protection Regulation have put a premium on handling data responsibly and ensuring that artificial intelligence does not cause harm.
Irish DPC fines LinkedIn $335M over GDPR violations related to targeted advertising
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.
Pace of innovation will make EU AI Act hard to enforce, experts say
Concerns about how robustly European member states may enforce the EU AI Act, which took effect on Aug. 1, are divided between if regulators will take a “light touch” approach or a sledgehammer for noncompliance. One thing’s for sure, the pace of AI innovation will make enforcement very difficult.
Photo gallery: Compliance Week Europe 2024
Compliance Week Europe, held Oct. 15-16 in Amsterdam in partnership with our sister organization the Internation Compliance Association, gathered more than 200 GRC professionals across industries. Check out some of the sights from the event.
Control and delete: How regulators can shutdown companies’ AI investments
Companies are increasingly putting their faith in AI to realize the kind of business benefits that the technology seems to promise, but they are also opening themselves up to new and potentially crippling sanctions if they are unable to answer questions that surround how AI operates.
Irish DPC fines Meta $102M over GDPR violation linked to improper storage of passwords
The Irish Data Protection Commission fined Meta Ireland 91 million euros (U.S. $102 million) for multiple violations of the European Union’s General Data Protection Regulation related to the inadvertent storage of user passwords without encryption.
AI misuse could lead to sanctions from multiple regulators, experts warn
The proliferation of AI, as well as the promised business cases promoting its use, has led companies around the world to quickly invest in the technology. Executives hope these AI tools will improve efficiencies, reduce costs, and help them stay competitive. But it could lead to just the opposite.
Clearview AI’s GDPR fines rise to $110M total after latest penalty by Dutch DPA
Clearview AI was fined 30.5 million euro (U.S. $33.8 million) by the Dutch Data Protection Authority and ordered to stop collecting images of Dutch citizens in the latest enforcement action against the U.S. company.
Dutch DPA fines Uber $324M over transferring driver data to U.S.
The Dutch Data Protection Authority fined Uber 290 million euros (U.S. $323.7 million) for illegally transferring data on European drivers to American servers and failing to appropriately safeguard the transfers.
Spanish DPA dings retailer Uniqlo $294K over GDPR violations
Spain’s data protection authority fined retailer Uniqlo Europe 270,000 euros (U.S. $294,000) over admitted violations of the European Union’s General Data Protection Regulation.