Irish regulator fines Google €403 million over location data

The Irish Data Protection Commission (DPC) has fined the American technology company Google, part of the Alphabet group, €403 million (CZK 9.8 billion) for unlawfully handling users’ location data. The commission launched its investigation in February 2020.

You might be interested in: Lured by promises of quick money? Pyramid schemes have cost thousands of people their savings

Regulator says Google violated GDPR rules

Google has its European headquarters in Ireland, making the DPC the key regulator for this multinational giant across the entire EU. According to the commission, the company violated the European General Data Protection Regulation (GDPR). Under these rules, information of this type must be processed in a lawful, fair, and transparent manner, noted the website of Irish public broadcaster RTÉ.

The DPC stated that its investigation found people may not have been aware that their location was being used, for example, to influence them through advertising or to infer their interests, and could thus lose control over their personal data. “The retention of users’ location data for longer than necessary further exacerbated this loss of control,” DPC Deputy Commissioner Graham Doyle said, according to RTÉ.

Read more: eToro – Review of the well-known broker

Location data can reveal sensitive information

“Location data is a type of personal data that is processed through location tracking, and includes data collected or processed by Google from which the location of a specific individual can be inferred, either on its own or in combination with other information,” Doyle added.

According to RTÉ, location data can benefit people but can also harm them at the same time. “It can significantly increase the usefulness of online services, but it can also reveal a considerable amount of information about an individual, including information that is inherently private,” the DPC added.

Don’t miss: Wonderinterest Trading Ltd. review

Source: ČTK

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...

Chinese EV manufacturer BYD is considering a plant in France

China's largest electric vehicle manufacturer BYD is considering establishing...

AI Leaders Expect Catastrophic Event That Could Lead to Revolt

Directors of Anthropic, OpenAI, and other artificial intelligence (AI)...

How to Buy ETFs: A Practical First-Purchase Checklist

Buying an exchange-traded fund (ETF) has never been particularly...

US stocks mostly declined due to rising oil prices.

US stocks were mostly lower today due to rising...

Economic Growth: What GDP Growth Measures—and What It Misses

Economic growth is often treated as the ultimate measure...

According to OpenAI, teenagers use its chatbot less than 15 minutes a day

Teenagers spend, on average, less than 15 minutes a...

Low-Volatility Stocks: Why “Safer” Shares Can Still Carry Hidden Risk

When stock markets become unpredictable, investors often turn to...

Hawkish Meaning in Markets: What Central Banks Are Signaling

Central bankers do not need to raise interest rates...
spot_img

spot_imgspot_img