Tag: Meta
Navigating the regulatory minefield: Record fines highlight 2023’s compliance challenges
In 2023, the global regulatory landscape unveiled a startling revelation as fines imposed by authorities exceeded a colossal $10.5bn. This figure not only reflects the stringent enforcement actions but also spotlights the emerging areas of regulatory scrutiny.
Digital identity RegTech Yoti’s strategic £20m funding boost
Yoti, a prominent digital identity company based in the UK, has successfully raised £20m, further cementing its position in the FinTech sector.
Meta agrees to pay $725m privacy suit settlement
Meta has agreed to pay $725m to settle a lawsuit that accused the social network of enabling third parties to access users’ private data.
Irish regulator hits Meta with €265m fine
Ireland’s Data Protection Commission (DPC) has slapped Meta with a €265m fine after details of over half a billion users were leaked on a hacking page.
Irish privacy watchdog hits Meta with €17m fine
Ireland’s privacy watchdog, the Data Protection Commission, has fined Meta €17m from violating GDPR.
Is the metaverse the next frontier for banks?
Ever since Meta, formerly Facebook, gave that presentation on its move to the metaverse, the virtual world has become more of a reality.
