October 3, 2018
The EU is preparing to investigate Facebook over a data breach which saw 50 million accounts compromised, nearly five million of which are believed to be European users.
Investigators at the Irish Data Protection Commission (IDPC), the lead supervisory authority for Facebook in the EU, are gathering information and establishing the basis for an inquiry under the General Data Protection Regulation introduced this year.
If it is found to have broken the guidelines, the social media giant could face a maximum fine of 1.63 billion dollars (£1.26 billion), or 4% of annual revenue.
Graham Doyle, head of communications at the IDPC, said: “Before we would launch any investigation there are steps that would have to be taken in relation to information gathering and preparing the scope of an inquiry.
This article was posted: Wednesday, October 3, 2018 at 6:12 am