Sunday, April 14, 2024

Irish Data Protection Commission Fines Meta €265 million.

Meta, Facebook’s parent company, has been fined €265 million by the Irish Data Protect Commission (DPC) for breaching the EU’s General Data Protection Regulation. The company failed to design Facebook in an effort to protect users from data breaches.

The DPC said Meta infringed two articles of the EU’s data protection laws after details of Facebook users from around the world were scraped from public profiles in 2018 and 2019. The Irish watchdog initiated an investigation when data appeared on a hacking website in 2021. Besides the fine, DPC imposed a reprimand and an order requiring the social media company to bring its processing into compliance by taking a range of specified remedial actions within a particular timeframe.

But Meta claims to have made changes to its systems during the time in question, including removing the ability to scrape its features using phone numbers. Meta said unauthorized data scraping is unacceptable and against the company rules.

It should be noted that several blockchain companies have tried to solve the problem by creating blockchain social media apps that don’t require users to give out their email addresses or phone numbers. Some examples are Bitclout and Blockster – these social media apps just require users to sign in with their Ethereum wallet.

Moreover, Ethereum developers proposed the EIP-4361 to standardize the wallet login process across all apps. This could likely remove the need for users to disclose sensitive information in social media apps and go on to prevent breaches in the near future.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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