Norway regulator to fine Meta over privacy breaches
Norway regulator to fine Meta over privacy breaches
Facebook and Instagram owner Meta Platforms will be fined one million crowns ($100,000) per day over privacy breaches unless it takes remedial action, Norway's data protection authority said on Monday, in a move that could have wider European implications.
Norway regulator to fine Meta over privacy breaches::Facebook and Instagram owner Meta Platforms will be fined one million crowns ($100,000) per day over privacy breaches unless it takes remedial action, Norway's data protection authority said on Monday, in a move that could have wider European implications.
So, if the math I did in my head is right, this is just under $10 Million. I'm pretty sure that this is below the cost for complying, and so just another cost of doing business.
needs to be more, that's not even a slap on the wrist. At least 17m a day.
Thing to keep in mind on this is that it's a national regulatory decision based on an EU regulatory decision, and it is expected to be just the first of several more like it to come from it. Meaning, it is likely to spread and it is likely to escalate over time. And even if it's just an added cost of doing business, it does impact the financial viability of Facebook surveillance-capitalistic model.