Amazon.com Inc (AMZN.O) has been hit with a record $886.6 million (746 million euros) European Union fine for processing personal data in violation of the bloc's GDPR rules, as privacy regulators take a more aggressive position on enforcement.
has been hit with a record $886.6 million European Union fine for processing personal data in violation of the bloc's GDPR rules, as privacy regulators take a more aggressive position on enforcement.
The Luxembourg National Commission for Data Protection imposed the fine on Amazon in a July 16 decision, the company disclosed in a regulatory filing on Friday. Amazon will appeal the fine, according to a company spokesperson. The e-commerce giant said in the filing it believed CNPD's decision was without merit.The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo
EU's General Data Protection Regulation, or GDPR, requires companies to seek people's consent before using their personal data or face steep fines. Globally, regulatory scrutiny of tech giants has been increasing following a string of scandals over privacy and misinformation, as well as complaints from some businesses that they abuse their market power.
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Amazon hit with $886 million EU data privacy fineAmazon.com Inc (AMZN.O) has been hit with an $886.6 million (746 million euro) European Union fine for processing personal data in violation of the EU's General Data Protection Regulation (GDPR), the e-commerce giant said on Friday.
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