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2021-07-30

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Amazon Given Record $888 Million EU Fine for Data Privacy Breach

Luxembourg watchdog wields new powers with highest data fine. Fine follows probe based on complaint by French privacy group. Amazon.com Inc. faces the biggest ever European Union fine for a data privacy breach as its lead watchdog hit it with a 746 million-euro penalty for violating the bloc’s tough data protection rules.The Luxembourg data protection authority’s decision on July 16 was disclosed in a regulatory filing by Amazon on Friday. The decision said Amazon’s “processing of personal data

Amazon Given Record $888 Million EU Fine for Data Privacy Breach

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Fine follows probe based on complaint by French privacy group. Amazon.com Inc. faces the biggest ever European Union fine for a data privacy breach as its lead watchdog hit it with a 746 million-euro  penalty for violating the bloc’s tough data protection rules.The Luxembourg data protection authority’s decision on July 16 was disclosed in a regulatory filing by Amazon on Friday. The decision said Amazon’s “processing of personal data","content":"<ul>\n <li>Luxembourg watchdog wields new powers with highest data fine</li>\n <li>Fine follows probe based on complaint by French privacy group</li>\n</ul>\n<p>Amazon.com Inc.&nbsp;faces the biggest ever&nbsp;European Union&nbsp;fine for a data privacy breach as its lead watchdog hit it with a 746 million-euro ($888 million) penalty for violating the bloc’s tough data protection rules.</p>\n<p>The Luxembourg data protection authority’s decision on July 16 was disclosed in a regulatory filing by Amazon on Friday. The decision said Amazon’s “processing of personal data did not comply with the EU General Data Protection Regulation.”</p>\n<p>Amazon said in the filing the fine is “without merit” and will “defend ourselves vigorously in this matter.” The firm will appeal the decision.</p>\n<p>The decision concludes a probe started by a 2018 complaint from a French privacy rights group.</p>\n<p>“There has been no data breach, and no customer data has been exposed to any third party,” Amazon said in a statement. “These facts are undisputed. We strongly disagree with the CNPD’s ruling.”</p>\n<p>EU data protection regulators’ powers have increased significantly since the bloc’s so-called General Data Protection Regulation, or GDPR, took effect in May 2018. It allows watchdogs for the first time to levy fines of as much as 4% of a company’s annual global sales. The biggest fine to date was a 50 million-euro penalty for Google issued by France’s CNIL.</p>\n<p>CNPD, the Luxembourg data watchdog, didn’t immediately respond to an email seeking comment. Local laws bind the Luxembourg authority to professional secrecy and prevent it from commenting on individual cases, or confirm receipt of a complaint.</p>\n<p>Amazon shares tanked 6.5% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/2b68535b92561da3344b358c01df5890\" tg-width=\"877\" tg-height=\"637\" referrerpolicy=\"no-referrer\"></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Given Record $888 Million EU Fine for Data Privacy Breach</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Given Record $888 Million EU Fine for Data Privacy Breach\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-30 19:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-30/amazon-given-record-888-million-eu-fine-for-data-privacy-breach><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Luxembourg watchdog wields new powers with highest data fine\nFine follows probe based on complaint by French privacy group\n\nAmazon.com Inc. faces the biggest ever European Union fine for a data ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-30/amazon-given-record-888-million-eu-fine-for-data-privacy-breach\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-07-30/amazon-given-record-888-million-eu-fine-for-data-privacy-breach","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181187866","content_text":"Luxembourg watchdog wields new powers with highest data fine\nFine follows probe based on complaint by French privacy group\n\nAmazon.com Inc. faces the biggest ever European Union fine for a data privacy breach as its lead watchdog hit it with a 746 million-euro ($888 million) penalty for violating the bloc’s tough data protection rules.\nThe Luxembourg data protection authority’s decision on July 16 was disclosed in a regulatory filing by Amazon on Friday. The decision said Amazon’s “processing of personal data did not comply with the EU General Data Protection Regulation.”\nAmazon said in the filing the fine is “without merit” and will “defend ourselves vigorously in this matter.” The firm will appeal the decision.\nThe decision concludes a probe started by a 2018 complaint from a French privacy rights group.\n“There has been no data breach, and no customer data has been exposed to any third party,” Amazon said in a statement. “These facts are undisputed. We strongly disagree with the CNPD’s ruling.”\nEU data protection regulators’ powers have increased significantly since the bloc’s so-called General Data Protection Regulation, or GDPR, took effect in May 2018. It allows watchdogs for the first time to levy fines of as much as 4% of a company’s annual global sales. 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Amazon Given Record $888 Million EU Fine for Data Privacy Breach

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