Facebook breach hit up to 5M EU users, and it faces up to $1.63B in fines
Less than 10 percent of the 50 million users attacked in Facebook’s recent breach lived in the European Union, tweeted the Irish Data Protection Commission, which oversees privacy in the region.
However, Facebook still could be liable for up to $1.63 billion in fines, or 4 percent of its $40.7 billion in annual global revenue for the prior financial year, if the EU determines it didn’t do enough to protect the security of its users.
The EU’s GDPR laws threaten heavy fines for improper security practices and are seen as stricter than those in the U.S., so its findings during this investigation carry weight.
TechCrunch
https://techcrunch.com/2018/10/01/facebook-breach-europe/
Facebook Twitter: 「We’re working with regulators including the Irish Data Protection Commission to share preliminary data about Friday’s security issue. As we work to confirm the location of those potentially affected, we plan to release further info soon. https://t.co/Cs1uSMtBNk」
https://mobile.twitter.com/facebook/status/1046852270552375296
Zuckerberg must face public scrutiny over latest data breach, say UK MPs | TechCrunch