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Big GDPR Fine on Meta – What Does It Mean for Cyber Risk Management?
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In the largest fine yet under the European Union’s GDPR, the Irish Data Protection Commission fined Meta $1.3 billion for data privacy violations by its Facebook service in routinely transferring personal data on EU citizens to the US for storage. The GDPR enforcers gave Meta six months to change its data practices, in what would be a massive job.
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