A top European Union data privacy regulator on Wednesday defended a decision to hit Meta with a record-setting 1.2 billion euro ($1.3 billion) fine, saying that she had to enforce the law based on existing regulations.
Meta on Monday was fined a record 1.2 billion euros ($1.3 billion) by the Irish Data Protection Commission for breaching the EU's tough rules on data privacy, known as the General Data Protection Regulation.
GDPR is a landmark data protection regulation that governs firms in the bloc.
She added, "This new agreement, called the European Data Privacy Framework, it's still pending.
The Monday Meta fine is the largest to date since the EU's GDPR came into force.
Persons:
Helen Dixon, —, Dixon, CNBC's, Meta, it's, GDPR, Arjun Kharpal
Organizations:
Data, Ireland, Meta, Irish Data Protection, General Data, Amazon, U.S, EU, European Court of Justice
Locations:
EU, Luxembourg, Ireland, U.S