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Montevideo, November 15th 2024 - 01:35 UTC

Tag: Facebook fine

  • Friday, October 5th 2018 - 08:34 UTC

    Facebook facing potential £1.2bn fine for a data breach affecting 50 million users

    The maximum fine the EU can levy for breaking GDPR rules is four per cent of a company’s annual revenue, or £1.2bn in Facebook’s case

    Facebook is facing a potential £1.2bn fine for a data breach which allowed hackers to access the personal information of 50 million users. The Irish Data Protection Commission (IDPC), the lead supervising authority for Facebook in the EU, officially opened its investigation this week after the social media giant admitted hackers could have accessed the accounts of millions of users through a “vulnerability” last Friday.