Meta’s Massive GDPR Fine: When Data Breach Costs More Than Your Annual Budget!
Meta Platforms, the parent company of Facebook, has been hit with a €251 million fine for a 2018 data breach, impacting millions of users. This marks the latest financial bruise for Meta due to privacy law violations. It’s like the company just can’t stop collecting fines—maybe they should consider opening a bank!
Hot Take:
Meta’s wallet is getting slimmer faster than a New Year’s resolution! With yet another hefty fine, the company seems to be collecting GDPR violations like Pokémon cards. Let’s hope they catch ’em all… so they can finally stop catching these fines!
Key Points:
- Meta Platforms fined €251 million for a 2018 data breach affecting millions of users.
- Irish Data Protection Commission (DPC) noted breach impacted 29 million accounts globally, with 3 million in the EU and EEA.
- The breach exploited Facebook’s “View As” feature, allowing unauthorized access.
- Fine reflects violation of GDPR articles related to breach notification, documentation, and data protection design.
- Meta also settled with Australia for $31.5 million over the Cambridge Analytica scandal.
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