Amazon hit with record EU data privacy fine
Reuters
Published Jul 30, 2021 08:42AM ET
Updated Jul 30, 2021 10:36AM ET
(Reuters) -Amazon.com Inc 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.
The Luxembourg National Commission for Data Protection (CNPD) imposed the fine on Amazon (NASDAQ:AMZN) in a July 16 decision, the company disclosed in a regulatory filing on Friday. (https://
Amazon will appeal the fine, according to a company spokesperson. The e-commerce giant said in the filing it believed CNPD's decision was without merit.
CNPD did not immediately respond to a request for comment.
EU's General Data Protection Regulation, or GDPR, requires companies to seek people's consent before using their personal data or face steep fines.
Globally, regulatory scrutiny of tech giants has been increasing following a string of scandals over privacy and misinformation, as well as complaints from some businesses that they abuse their market power.
Alphabet (NASDAQ:GOOGL)'s Google, Facebook Inc (NASDAQ:FB), Apple Inc (NASDAQ:AAPL) and Microsoft Corp (NASDAQ:MSFT) have drawn heightened scrutiny in Europe.
In December, France's data privacy watchdog handed out its biggest ever fine of 100 million euros ($118.82 million) to Google for breaching the nation's rules on online advertising trackers.
($1 = 0.8416 euros)
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.