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Global tech corporation fined $888 million for GDPR violations

Privacy/Cyber Risk & Data Security EU Data Protection GDPR Of Interest to Non-US Persons

Privacy, Cyber Risk & Data Security

Recently, a global technology corporation disclosed a $746 million euro (approximately $888 million USD) fine issued by the Luxembourg National Commission for Data Protection (CNPD) for alleged violations of the EU’s General Data Protection Regulations (GDPR). The corporation’s Form 10-Q for second quarter 2021 states that on July 16, the CNPD issued a decision against the corporation’s European headquarters, claiming its “processing of personal data did not comply with the [GDPR].” In addition to the fine, the decision also requires corresponding practice revisions, the details of which were not disclosed. The corporation noted that the decision is “without merit” and stated it intends to defend itself “vigorously” in this matter. According to sources, the decision follows an investigation started in 2018 when a French privacy group claiming to represent the interests of Europeans filed complaints against several large technology companies to ensure European consumer data is not manipulated for commercial or political purposes.

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