A penalty by the Irish Supervisory Authority for breach of confidentiality
Meta Platforms Inc. was fined 265 million euros ($277 million) for failing to stop the leak of the personal information of more than half a billion users of its Facebook service.
Following an inquiry that revealed the social network had neglected to apply the stringent security measures required under the comprehensive General Data Protection Regulation of the EU, the Irish Data Protection Commission levied penalties.
The fine is the third-highest under EU data protection law GDPR.
In addition to the fine, which is the third-highest under the GDPR, the supervisor reportedly instructed Meta’s Irish branch to make sure its processing complies with the law.
The organization issued a statement saying, “Unauthorized data extraction is inappropriate and against our principles.” We will continue to work with our colleagues to tackle this industry issue and are carefully examining this option.