Wednesday, Nov 30, 2022, 15:59 Economy

Facebook Data Leak – Facebook Principal Company Meta Incurs Million US$ Fine

Consumer data breaches aren't a trivial matter – especially not when the personal data of 533 million users is found to have been acquired by 3rd parties without the users' consent. However, this is exactly what happened in April 2021 – at which time names, telephone numbers, and email addresses of Facebook and Instagram users appeared on a hackers' forum. The question quickly arose, whether or not Facebook's principal company, Meta, had done enough to protect its customers' data – and there were demands for consequences. The Irish Data Protection Commission (DPC) is now imposing a million US$ fine upon the company.

Data Protection Commission Imposes Million US$ Fine
The data of more than half a million Facebook and Instagram accounts appeared free for download on a hacker forum last year. For those affected, the matter is much more than a minor annoyance: Such occurrences make users much more vulnerable to phishing attempts and identity theft. Due to Meta's corporate office in Dublin, the matter falls within the jurisdiction of the Irish DPC, which has stated that it is now introducing an "extensive investigatory process". Now, the first result of the DPC's investigation is out: Meta will receive a fine totalling 265 million Euros due to having failed breached two articles of the EU's General Data Protection Regulation (GDPR), according to the authority.

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Meta – Protections Affected
Working alongside surveillance authorities from other EU countries, Meta found itself not only fine but also tasked with avoiding any such cases in the future. The Facebook company declared its full cooperation with the government agency. Data privacy and protection are "essential" and scraping methods are against the service's own policy. Furthermore, Meta claimed to have already adopted changes to its systems to impede any such future occurrences.

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