Amazon Faces 746 Million EUR Fine for Data Privacy Breach
Amazon.com Inc. faces the biggest ever European Union privacy fine after its lead privacy watchdog hit it with a 746 million-euro (888 million USD) penalty for violating the bloc’s tough data protection rules.
CNPD, the Luxembourg data protection authority slapped Amazon with the record fine in a July 16 decision that accused the online retailer of processing personal data in violation of the EU’s General Data Protection Regulation, or GDPR. Amazon disclosed the findings in a regulatory filing on Friday, saying the decision is “without merit.”
Source: Amazon (AMZN) Given Record $888 Million EU Fine for Data Privacy Breach – Bloomberg