Finance

EU privacy regulator fines Meta 251 million euros

Published by Global Banking & Finance Review

Posted on December 17, 2024

1 min read

· Last updated: January 27, 2026

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EU privacy regulator fines Meta 251 million euros for data breach - Global Banking & Finance Review
This image illustrates the European Union's decision to fine Meta 251 million euros due to a significant data breach affecting 29 million Facebook accounts globally. The fine reflects the growing scrutiny on data privacy in the finance sector.
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DUBLIN (Reuters) - The lead European Union data privacy regulator for Meta fined the social media giant 251 million euros ($263.5 million) on Tuesday following two inquiries into a personal data

EU Privacy Regulator Imposes 251 Million Euro Fine on Meta

DUBLIN (Reuters) - The lead European Union data privacy regulator for Meta fined the social media giant 251 million euros ($263.5 million) on Tuesday following two inquiries into a personal data breach.

The inquiry was opened six years ago after Meta notified Ireland's Data Protection Commission (DPC) of the breach that impacted around 29 million Facebook accounts globally, of which about 3 million were based in the EU.

Meta remedied the breach shortly after its discovery, the DPC said.

($1 = 0.9527 euros)

(Reporting by Padraic Halpin; Editing by Sachin Ravikumar)

Key Takeaways

  • Meta fined 251 million euros by EU privacy regulator.
  • The fine follows inquiries into a data breach.
  • Around 29 million Facebook accounts were affected.
  • Meta notified Ireland's DPC of the breach six years ago.
  • The breach impacted 3 million EU-based accounts.

Frequently Asked Questions

What is the main topic?
The main topic is the 251 million euro fine imposed on Meta by the EU privacy regulator due to a data breach.
Who conducted the inquiry?
The inquiry was conducted by Ireland's Data Protection Commission (DPC).
How many Facebook accounts were affected?
The data breach affected around 29 million Facebook accounts globally.

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