fines
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EU Fines Meta Nearly €800 Million over Facebook Marketplace
It’s been a tough week over at Meta HQ, as the European Commission has slapped the tech giant with another fine for tying Facebook Marketplace, its classified-ad service, to Facebook and using non-public advertising data. Authorities are demanding €797.72 million for Meta, which is essentially giving Marketplace an unfair advantage over competing digital storefronts. Marketplace was set up in 2016…
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Ireland fines LinkedIn €310 million over targeted advertising
LinkedIn received a €310 million fine from the Irish Data Protection Commission for violating European Union’s law related to the processing of personal data for behavioral analysis and targeted advertising. The penalty follows an inquiry into the lawfulness, fairness, and transparency of LinkedIn’s data processing, which started from a complaint several years ago from French non-profit org La Quadrature Du Net. According to the…
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Regulatory fines could be the tip of the iceberg for enterprises as data breach lawsuits expected to surge in 2025
The associated costs of data breaches are set to diversify according to Forrester, with the analyst firm predicting that fines won’t be the only financial consideration in the wake of a cybersecurity incident in 2025. Dubbed ‘Predictions 2025: Cybersecurity, Risk, And Privacy,’ Forrester’s report suggested breach-related class action costs will surpass the cost of regulatory fines by 50% in the…
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