Amazon.com Inc. has been fined 746 million euros, equivalent to $887 million, by a European Union privacy regulator for violations related to its advertising, by far the largest-ever fine under the EU’s data-protection law.
The fine, which Amazon disclosed Friday in a securities filing, was issued two weeks ago by Luxembourg’s privacy regulator, the CNPD, and accompanied by an order to revise certain business practices that Amazon didn’t specify. Amazon said the regulator’s decision was without merit and that it would appeal in court. “The decision relating to how we show customers relevant advertising relies on subjective and untested interpretations of European privacy law, and the proposed fine is entirely out of proportion with even that interpretation,” the company said.
The CNPD didn’t immediately respond to a request for comment. The CNPD is Amazon’s lead privacy regulator in the bloc because Amazon has its EU headquarters in Luxembourg.sanctioning Amazon’s privacy practices and proposing a fine of more than $425 million to the EU’s 26 other national data-protection authorities.
Interestingly, there has been no data breach, and no customer data has been exposed to any third party. Amazon used data meant for improving customer experience to favor its own products (that is not quite in line with the Purpose Specification Principle)
That’s one way to recoup economic stimulus.
It’s OVER for Amazon.
Top 10 Countries you should never visit ☠️
good
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon hit with record EU data privacy fineAmazon.com Inc (AMZN.O) has been hit with a record $886.6 million (746 million euros) European Union fine for processing personal data in violation of the bloc's GDPR rules, as privacy regulators take a more aggressive position on enforcement.
Source: Reuters - 🏆 2. / 97 Read more »
Amazon hit by record $887 million EU privacy fineAmazon faces a record-breaking €746 million (roughly $887 million) fine after a European Union data privacy regulator said the e-commerce giant had violated the bloc's signature privacy law, known as GDPR, in an advertising-related decision. But, will Jeff be able to fly off into space again? Goddamn lying cnn at last! PEOPLE CAN GOOGLE THE NAME OF TEMPLES THAT TURNED INTO MOSQUE AFTER ISLAMIC INVASION: 1. KRISHNA JANMABHOOMI TEMPLE 2. SOMNATH TEMPLE 3. KASHI VISHWANATH TEMPLE 4. GURDWARA LAL KHOOHI TEMPLE 5. RUDRA MAHALAYA TEMPLE INDEED THIS IS WHY PEOPLE ARE SO PISSED
Source: CNN - 🏆 4. / 95 Read more »
Amazon hit with $886 million EU data privacy fineAmazon.com Inc (AMZN.O) has been hit with an $886.6 million (746 million euro) European Union fine for processing personal data in violation of the EU's General Data Protection Regulation (GDPR), the e-commerce giant said on Friday.
Source: Reuters - 🏆 2. / 97 Read more »
Amazon hit with record E.U. data privacy fineAmazon has been hit with a record $886.6M EU fine for processing personal data in violation of the bloc’s GDPR rules, as privacy regulators take a more aggressive position on enforcement. Anything enforced by a fine is something only the poor must obey. Interestingly, there has been no data breach, and no customer data has been exposed to any third party. Amazon used data meant for improving customer experience to favor its own products (that is not quite in line with the Purpose Specification Principle)
Source: NBCNews - 🏆 10. / 86 Read more »
Amazon Slapped With Record $887 Million Data-Privacy Fine by EU AgencyAmazon has been fined €746 million, equivalent to $887 million, for allegedly violating a European Union data-privacy law. It’s the biggest monetary penalty imposed to date in connection with…
Source: Variety - 🏆 108. / 63 Read more »
‘A great time to buy,’ says one Wall Street analyst as Amazon shares tumble on disappointmentShares of the world’s biggest e-tailer slid 7% on Friday, as investors digested disappointing results that came against tough year-ago comparisons, but some on Wall Street said an opportunity to buy the shares was knocking. thanks
Source: MarketWatch - 🏆 3. / 97 Read more »