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

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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.

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_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 🙄

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