silversurfer
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- Aug 17, 2014
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Meta, the parent company of Facebook, was hit by a huge €1.2 billion ($1.3 billion) fine by the European Union today. The EU's European Data Protection Board stated the fine was due to Meta transferring the personal data of European citizens to Facebook servers based in the US.
In its press release, the data regulation board stated:
"The EDPB found that Meta IE’s infringement is very serious since it concerns transfers that are systematic, repetitive and continuous. Facebook has millions of users in Europe, so the volume of personal data transferred is massive. The unprecedented fine is a strong signal to organisations that serious infringements have far-reaching consequences."