Meta was hit with a record 1.2 billion euro (R25 billion) fine by its lead European Union privacy regulator over its handling of user information and given five months to stop transferring users' data to the United States. | News24_Business
Meta was hit with a record 1.2 billion euro fine by its lead European Union privacy regulator over its handling of user information and given five months to stop transferring users' data to the United States.
Meta said in a statement that it will appeal the ruling, including the"unjustified and unnecessary fine that"sets a dangerous precedent for countless other companies." It will also seek a stay of the suspension orders through the courts. "Without the ability to transfer data across borders, the internet risks being carved up into national and regional silos," Meta said.
Schrems, the Austrian privacy campaigner, said Meta's plans to rely on the new deal for transfers going forward was unlikely to be a permanent fix.
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