Meta fined $263M over 2018 security breach that affected ~3M EU users
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Meta has been fined $263 million by the European Union for a Facebook security breach affecting around 3 million EU users, disclosed in 2018.
December 17, 2024 | 1:15 pm
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Meta has been fined $263 million by the EU for a 2018 Facebook security breach affecting 3 million users.
The fine is a direct financial penalty for Meta, which could negatively impact its stock price in the short term. The breach and subsequent fine highlight ongoing security and regulatory challenges for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100