Ireland’s Data Protection Commission fined Meta 266 million euros -- more than $276 million -- saying the company failed to protect data for more than half a billion users.
Tigress Financial Partners CIO and director of research Ivan Feinseth provides insight on the technology sector on 'Making Money.'with a fine of 265 million euros, or more than $276 million, as punishment after data on more than half a billion users was "scraped" and leaked online.
Ireland’s Data Protection Commission said Meta Platforms failed to protect users’ date, violating sections of the EU’s strictThe investigation was opened last year following reports that data on more than 533 million users, including names, Facebook IDs, phone numbers, locations, birth dates, and email addresses for people from more than 100 countries was found dumped online.
The data, which was found on a website for hackers, had been "scraped" from Facebook by using tools designed to help people find their friends through phone numbers using search and contact import features, Meta said. The Irish watchdog has previously fined Meta-owned Instagram and Whatsapp for violating data protection for users.
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