Facebook hack affected 3 million in Europe, creating the first big test for privacy regulation there [CNBC]
Meta Platforms, Inc. - Class A (FB)
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Source: CNBC
ReutersTV | Reuters Facebook's CEO Mark Zuckerberg answers questions about the improper use of millions of users' data by a political consultancy, at the European Parliament in Brussels, Belgium, in this still image taken from Reuters TV May 22, 2018 Approximately 3 million Europeans were affected by a September Facebook security breach in which users' personal information was stolen, the Irish Data Protection Commission told CNBC on Tuesday. This security breach is expected to be the first major test of Europe's new General Data Protection Regulation, and the number of European users affected could help determine the severity of any penalties against the company. Under GDPR, companies handling the personal data of Europeans must adhere to strict requirements for holding and securing that information, and must report breaches to authorities within 72 hours. Under the regulation, companies can face fines of up to 4 percent of their annual gl
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