Facebook fined €1.2 million by Spanish data watchdog

11 September, 2017, 21:55 | Author: Marjorie Miles
  • The watchdog said Facebook's privacy policy

Spain's data protection agency (AEPD) has fined Facebook a total of Euro 1.2 million for breaching laws created to protect user information and privacy on three separate occasions.

According to the AEPD, the tech giant did not sufficiently inform users about how it would use data collected on third-party websites, and did not obtain consent to use it.

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The watchdog said Facebook did not get properly informed consent from users before exploiting this information, and also noted that the company violated laws by not deleting data that was no longer useful for the reasons it was collected. Facebook is facing a particular problem in Europe, and the latest installment of the saga sees the company being fined €1.2 million ($1.44 million) by the Spanish data regulator AEPD.

The company has been tracking both users and non-users of the service through the Like button across the web without informing them about this sort of tracking, nor about what it plans to do with the data. The AEPD concluded that neither users nor non-users have sufficient knowledge about how Facebook collects and uses their data. Considering the data that has remained behind is no longer useful for the objective for which it was collected, the agency considered this another serious infringement of European Union privacy laws.

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Facebook has been fined for similar violations in the past by Belgium, which it successfully overturned the ruling, as well as France, the Netherlands, and Germany.

"Users choose which information they want to add to their profile and share with others, such as their religion". However, we do not use this information to target adverts to people. The AEPD said this sort of collection doesn't comply with the EU's data protection regulations.

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Shares of Facebook are now up about 1.2% in late-morning trading, while the stock is a #3 (Hold) on the Zacks Rank. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.



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