The information superhighway slows for no one. Data and capital have crossed borders with greater ease than people for decades. But try to move the personal data of Europeans outside the EU and you’ll be in serious trouble.
As the gold standard for data privacy, the General Data Protection Regulation (GDPR) undoubtedly has teeth. For instance, in May, Meta’s EU base in Ireland was fined €1.2bn by the European Data Protection Board (EDPB) for breaching the flagship data protection law. Andrea Jelinek, the chair of the EDPB, alleged that Meta had engaged in “systematic, repetitive and continuous” transfers of personal user data from the EU to the US. To date, it’s the biggest fine levied under GDPR.
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