Facebook parent Meta hit with record fine for transferring European user data to US
LONDON, May 22: The European Union slapped Meta with a record $1.3 billion privacy fine Monday and ordered it to stop transferring user data across the Atlantic by October, the latest salvo in a decadelong case sparked by U.S. cybersnooping fears.
KATHMANDU: Hacking, which involves unauthorized access to a Facebook account using various methods, has become a pressing global issue, including in Nepal. Hackers can exploit Facebook to steal money from ATMs, internet banking, and SMS banking. They can also destroy or steal vital data and potentially spread viruses. Recently, Facebook has emerged as a significant […]
Under its expanded powers to monitor internet giants, Germany's Federal Cartel Office said it was looking into Google's use of personal data and its Google News Showcase product, as well as cases involving Amazon, Apple, and Facebook owner Meta.
The regulator announced on Wednesday that it had found that Alphabet, the parent firm of Google, fulfilled the scale barrier necessary for a business to be subject to new enhanced supervisory powers to supervise major Internet companies, which it obtained last year.
"The Federal Cartel Office may now address tangible types of anti-competitive behavior," said office president Andreas Mundt. "We've already begun looking into Google's processing of personal data and the Google News Showcase subject more closely."
He went on to say that the Federal Cartel Office was looking into further instances involving Amazon, Apple, and Meta, the owner of Facebook. In May of last year, the agency began...
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