Facebook fined €265Million for exposing PII of half a billion users!
HealthCareInfoSecurity.com reported that “A user of the now-shuttered BreachForums in April 2021 posted a data set of 533 million Facebook profiles, including mobile numbers, email addresses and names scraped from the site in 2018 and 2019.” The article entitled “Facebook Opposes Irish Data Watchdog's 265-Million-Euro Fine” (https://tinyurl.com/3ynw2w5n) included these comments about Facebook challenge in Irish Court:
A High Court justice granted Facebook permission to pursue litigation over the fine from the Irish Data Protection Commission, reported The Irish Times on Monday. The company seeks a ruling that parts of the country's data protection statute are unconstitutional and says the commission lacked authority to impose a 265-million-euro fine - a "sanction so severe as to be criminal in nature," the newspaper reported.
Facebook reported revenue of $23 billion in 2022 and $39 billion in 2021. For Facebook, a 265-million-euro fine "is just a number. It's not really a very big fine in context,…
What you think about this fine?