• Meta hit with $263m fine

    From Mike Powell@1:2320/105 to All on Thu Dec 19 09:54:00 2024
    Meta hit with $263m fine over 2018 Facebook data breach

    Date:
    Wed, 18 Dec 2024 16:27:00 +0000

    Description:
    Meta sanctioned for the handling of a bug which allowed unauthorized access
    to Facebook profiles.

    FULL STORY

    Meta has received yet another GDPR fine, with the parent company of Facebook, Instagram and WhatsApp facing a 251 million (around $263 million) hit
    following a 2018 data breach which exposed around 29 million Facebook
    accounts globally, 3 million of which were EU-based users.

    Irelands Data Protection Commission (DPC) has been one of Europes leading regulatory bodies when it comes to holding tech firms to account, handing out huge penalties for GDPR violations, including the largest ever GDPR fine, a $1.3 billion charge, also against Meta , for data handling.

    The most recent violations refer to the attack in which malicious actors used the view as feature, which ordinarily allows users to see what their account looks like to their friends and family, to steal access tokens in order to
    take over the users account.

    Millions of users affected

    Of the users whose tokens were stolen, 15 million had their phone numbers and email addresses exposed, and a further 14 million also had their usernames, gender, relationship status, and location check-ins accessed. One million
    lucky users targeted had no data stolen.

    Following the breach, the DPC found Facebook infringed GDPR by not including enough information in its breach notification, failing to properly document
    the facts of the incident. The DPC also found the company failed to ensure
    the data protection principles were protected, and that Facebook had failed
    in its obligation as controllers to ensure that only necessary personal data
    is processed.

    This enforcement action highlights how the failure to build in data
    protection requirements throughout the design and development cycle can
    expose individuals to very serious risks and harms, including a risk to the fundamental rights and freedoms of individuals, said DPC Commissioner Graham Doyle.

    This may seem like a hefty fine, and it is, but the reality of these GDPR
    fines is not quite what it seems. So far, only 1% of these DPC fines have
    been collected , so there's a chance this fine could also get tied up in the appeals process indefinitely.

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    Link to news story: https://www.techradar.com/pro/meta-hit-with-usd263m-fine-over-2018-facebook-da ta-breach

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