Meta fined R4.7bn over data leak of half a billion Facebook users | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 80%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Meta Platforms was slapped with a €265 million (R4.7 biillion) fine for failing to prevent the leak of the personal data of more than half a billion users of its Facebook service. | News24_Business

The Irish Data Protection Commission, the main privacy watchdog for Meta in the European Union, levied the fine following a probe that found the social-media company had failed to apply strict safeguards required under the bloc’s sweeping General Data Protection Regulation.

The Irish authority is the lead watchdog for some of Silicon Valley’s biggest tech firms that have set up an EU base in the country, including Meta. It opened its probe following that"a collated dataset of Facebook personal data" had been published on the internet. Personal information on 533 million Facebook users worldwide reemerged on a hacker website last year, including their phone numbers and email addresses.

Meta said in a statement on Monday that"protecting the privacy and security of people’s data is fundamental to how our business works" and that it had cooperated fully with regulators.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business Is it an actual leak or an excuse for a deal 🤔🤔🤔

_Business Zuk will be poor like me soo

_Business Is that all? Not even 0.5% of turnover for last year 🙄

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Twitter CEO Musk says user signups at all-time high, touts features of 'everything app' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Twitter Inc Chief Executive Elon Musk says new user signups to the social media platform are at an “all-time high,” as he struggles with a mass exodus of advertisers and users fleeing to other platforms over concerns about verification and hate speech. elonmusk did you say that? Someone to help me seing hate speech on ths platform! I am serious. Where is it? Please help!
Source: SABCNews - 🏆 37. / 51 Read more »