Tag: European privacy regulators

Meta slapped with record-breaking $1.3 billion fine for EU-US data transfer breach

May 22, 2023

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by

News Desk

in Business, Tech

Meta has received a record-breaking fine of 1.2 billion euros ($1.3 billion) from European privacy regulators due to the transfer of European Union (EU) user data to the United States (US). The decision stems from a case initiated by Austrian privacy activist Max Schrems, who argued that the existing framework for transferring EU citizen data…