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EU-US Data Privacy Issues and Meta Fine

June 02, 2023

The Irish Data Protection Authority, acting under authority of the European Union’s Data Protection Board, fined Meta’s Irish company (a holding company for Facebook, Instagram, and WhatsApp) a record €1.2 billion ($1.3 billion), the largest fine under the five-year old General Data Protection Regulation (GDPR) data privacy law.

  • The fine was imposed because of Facebook’s data processing practices; the EU believes that transfers of personal data of European users to US servers violate European law as the US does not offer “essentially equivalent” protection for US personal data to the EU’s GDPR framework.
  • Meta cites a “fundamental conflict in law” between the EU and US.
  • Data transfer issues between the US and EU could be resolved with a new Trans-Atlantic Data Privacy Framework, an agreement currently being negotiated that could go into effect this summer.

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Authors

Dr. Lori Esposito Murray

Dr. Lori Esposito Murray

Senior Fellow for National Security & Managing Director of CEO Programs

Read BioDr. Lori Esposito Murray

Mitchell Barnes

Mitchell Barnes

Economist

Read BioMitchell Barnes

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CEO Roundtable: Policy Priorities for 2025

December 12, 2024 12:00 PM ET (New York)

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The Role of the US in the World

October 21, 2024

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Trade, Taxes, Tariffs - Overview of Presidential Positions

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US CEOs Rank National Debt as the Top Geopolitics Threat

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CEOs Can View Operational Resilience as an Advantage

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