Ireland has imposed a huge fine on Instagram. And that’s because of a leak of personal data of child users of the network

Social network Instagram, part of tech giant Meta (formerly Facebook), will have to pay the largest fine in its history. The reason is the leakage of personal data of underage users.

Security of personal data

The phone numbers, emails and other personal data of a number of underage users of the social network Instagram have become public. The Irish Data Protection Authority has therefore fined Instagram 405 million euros. It proved that Instagram failed to adequately secure personal data, resulting in a leak.

Instagram will not avoid the fine

However, Meta Platforms, of which Instagram is a part, plans to appeal the authority’s decision, a spokesperson for the tech giant told Reuters. Details of the Irish regulator’s decision will be published within the next week, a spokesman said.

The investigation began in 2020 and involved data leaks of users primarily between the ages of 13 and 17. Meta Platforms defends that Instagram has taken additional security measures, and now users’ data is safe. However, he is unlikely to avoid a fine.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Golden Brokers Review

Golden Brokers Limited was founded in 2018, it is...

Real Estate ETFs: A Practical Guide to REIT Exposure Through Funds

Real estate has long attracted investors looking for rental...

Musk reportedly invested a billion dollars in the Skydance media group

American billionaire Elon Musk has invested roughly one billion...

Meta increases profit and revenue, to issue new class of shares to finance AI investments

Meta Platforms - the American internet company increased its...

The US dollar is weakening, with doubts surrounding AI behind its decline

The US dollar is weakening today. According to Reuters,...

European stocks fall amid concerns over economic impact of protests in France

European stocks are falling after the opening of trading....

Robotics Stocks: A Framework for Finding Real Automation Exposure

Robotics is becoming an increasingly important investment theme as...
spot_img

spot_imgspot_img