The biggest fine in the EU! Meta fined $1.3 billion over data transfer issues

News on May 23, according to the Irish Data Protection Commission (DPC), Facebook’s parent company Meta was fined 1.2 billion euros for improperly handling data transfers between Europe and the United States ( Approximately US$1.3 billion). This is the largest fine imposed under the EU's General Data Protection Regulation (GDPR) privacy law.

meta said it would appeal the ruling, saying it was unreasonable and unnecessary. The key issue in the ruling is the standard contractual clauses (SCC) used by us to transfer EU data to the United States. These contractual clauses have been established by the European Commission to ensure that personal data remains adequately protected when transferred outside Europe.

According to ITBEAR Technology Information, some people are worried that these data transfers will still subject European users to the United States’ looser privacy regulations, and also mean that U.S. intelligence agencies can access this data. However, this decision will not have an impact on Facebook's business in the UK. The Information Commissioner's Office told the BBC that the decision does not apply to the UK, but that it is aware of the matter and will review the details in due course.

In this regard, Facebook President Nick Clegg (Nick Clegg) Clegg said he was disappointed: "We are disappointed that we have been singled out using the same legal mechanisms as thousands of other companies looking to provide services in Europe. This ruling is flawed and unreasonable, while providing The countless companies transferring data between the EU and the U.S. set a dangerous precedent." Caitlin Fennessey, International Association of Privacy Professionals Fennessy said: "This record-breaking fine is matched by the important message it sends. Today's ruling shows that companies face huge risks." She added that it could lead to EU companies requiring their US partners to operate within Europe. Store data, or turn to domestic alternatives.

Although I

#ta expressed dissatisfaction with the ruling and prepared to appeal, the incident still raised concerns about data privacy protection. As similar cases gradually increase, the importance of protecting personal data has been widely recognized around the world, triggering continued discussion and review of cross-border data transfers and privacy regulations.

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