Ireland fines Meta 251 mn euros over Facebook hacks
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Meta, the owner of Facebook, has been fined 251 million euros by an Irish regulator for a data protection failure that led to user accounts being hacked.
December 17, 2024 | 5:45 pm
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Meta has been fined 251 million euros by an Irish regulator for a data protection failure involving Facebook account hacks.
The fine is significant and highlights ongoing regulatory challenges for Meta, potentially affecting investor sentiment negatively in the short term. The focus on data protection failures could lead to increased scrutiny and operational costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100