Most Popular

- Advertisement -

categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. 

Highlights

Technology

Global Powers in 2024: Technology, Military, and Economic Influence Unpacked

As we delve into 2024, the landscape of global power is shaped by a complex interplay of technological advancements, military capabilities, and economic influence. Understanding the dynamics among leading nations requires an examination of their strategic priorities and how they leverage their strengths to assert influence on the world stage. This article unpacks the multifaceted nature of global powers, highlighting the key players in technology, military strength, and economic dominance.
Ticketing system 1

Tickets ‘broken’ after Oasis ‘chaos’, resale site chief alleges

Viagogo's business development manager, Matt Drew, stated that Saturday's ticket sale for the band's first shows in 16 years "descended into chaos."A senior official at a resale site has stated that the ticketing system for shows, including next summer's Oasis concerts, is "broken."Viagogo's business development manager, Matt Drew, said Saturday's ticket sales for the band's first shows in 16 years "descended into chaos."
- Advertisement -
Selected menu has been deleted. Please select the another existing nav menu.

Meta fined record £1bn for EU data breach

Share It:

Table of Content

For a decade, EU Facebook user data has been transferred to the US, where privacy protections are less.

The Irish data protection regulator penalised WhatsApp, Instagram, and Facebook a record €1.2 billion (1.04 billion pounds).

It is the largest penalty ever imposed for a violation of the general data protection regulations (GDPR). Which require the consent of the data holder before using their personal information.

Meta fined record £1bn for EU data breach

Meta has been fined for transferring the data of EU users to the United States for processing, despite a ruling in 2020 by the EU’s highest court that the data was not adequately protected from US espionage agencies.

Facebook has been ordered to cease the practice and given at least five months to terminate future data transfers and six months to cease unlawful data processing and storage in the United States. Instagram and WhatsApp do not fall under the scope of the decree.

Since privacy campaigner Max Schrems sued Facebook in 2013, the issue has persisted.

As Dublin is the location of Meta’s European headquarters, the Data Protection Commission (DPC) in Ireland has jurisdiction over Meta, effectively serving as the EU’s privacy regulator.

Meta stated that it would appeal the decision and that there would be no service disruption. It stated that the decision was “unjustified and unnecessary” and that it establishes a “dangerous precedent.” Meta added that it will petition the courts for a stay of the order.

Before Monday’s fine, EU regulators’ greatest penalty against Amazon was €746 million in 2021.

A new pact is being negotiated between the EU and the United States to facilitate safe and legal data sharing. It may be operational by the summer, but it may also encounter legal obstacles. In April, Meta said it expects the arrangement to be finalised before having to stop the illegal data transfer.

Meta stated that even if the agreement is not in place, services will continue to operate. Previously, it was stated that a prohibition could halt European services.

In a call with investors last month, Meta estimated that terminating the data transfer would cost the company 10% of its advertising revenue, an amount that is multiples of Monday’s £1 billion fine.

Tags :

Creative Media News

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Creative Media News is your premier source for the latest updates in finance, technology, and world events. Our dedicated team of journalists delivers in-depth analysis, breaking news, and expert opinions to keep you informed and engaged. Whether you’re interested in stock market trends, innovative tech, or global affairs, we’ve got you covered. Stay ahead with our reliable, timely, and insightful content. Join our community of readers who trust Creative Media News for accurate, up-to-date information. Follow us for daily updates and stay connected with the world’s most important stories.

Useful Links

Selected menu has been deleted. Please select the another existing nav menu.