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What will be the impact on EU data protection regulations by end of 2025?
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Resolution / Starting Odds
Stronger regulations implemented • 25%
No change in regulations • 25%
Regulations weakened • 25%
Regulations under review • 25%
EU legislative records or announcements from the European Commission
Story
Meta Fined €251 Million by Ireland for 2018 Data Breach Affecting 29 Million Users via 'View As' Feature
Dec 17, 2024, 03:57 PM
Meta Platforms Inc. has been fined €251 million by Ireland's Data Protection Commission (DPC) for a data breach that occurred in 2018, affecting approximately 29 million Facebook users worldwide, including about 3 million in the European Union and European Economic Area. The breach was caused by hackers exploiting a vulnerability in the 'View As' feature of Facebook, which allowed unauthorized access to users' personal data such as names, email addresses, phone numbers, and other sensitive information. The DPC's decision includes a €130 million penalty for failing to effectively implement data protection principles, a €110 million penalty for storing more user data than necessary, and an €11 million penalty for GDPR breaches related to insufficient breach notification and inadequate documentation of vulnerability remediation efforts.
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Yes • 50%
No • 50%
Significant changes • 25%
Minor changes • 25%
No changes • 25%
Increased litigation • 25%
Support further data privacy regulations • 25%
Oppose further data privacy regulations • 25%
Remain neutral • 25%
Other • 25%
Stricter penalties for non-compliance • 25%
New guidelines for consent • 25%
Increased oversight mechanisms • 25%
No new measures • 25%
Yes • 50%
No • 50%
More stringent regulations • 25%
Less stringent regulations • 25%
No significant change • 25%
Regulations become more ambiguous • 25%
Regulations become stricter • 33%
Regulations remain the same • 33%
Regulations become more lenient • 34%
New EU fine • 25%
New US regulation • 25%
New lawsuit • 25%
No major challenge • 25%
Significant new legislation enacted • 25%
Minor amendments to existing laws • 25%
No legislative changes • 25%
Increased enforcement of existing laws • 25%
