Amazon gets 886 Million dollar fine for alleged data law breach.
Written by crest887fm on July 31, 2021
Amazon has been hit with an 886 Million dollar fine for allegedly breaking European Union data protection laws.
The fine was issued by Luxembourg’s National Commission for Data Protection, which claimed the tech giant’s processing of personal data did not comply with EU law.
The fine comes following rising regulatory scrutiny of large tech companies due to concerns over privacy and misinformation, as well as complaints from some businesses that the tech giants have abused their market power.
Amazon said it believed the fine to be without merit, adding that it would defend itself vigorously.
The EU’s General Data Protection Regulation (GDPR) rules require companies to seek people’s consent before using their personal data or face steep fines.