Stock Market News

South Korea fines Meta about $15 million over collection of user data

2024.11.05 02:15

SEOUL (Reuters) – South Korea has ordered Facebook owner Meta Platforms (NASDAQ:) to pay 21.62 billion won ($15.67 million) in fines after finding it had collected sensitive user data and given it to advertisers without a legal basis, Seoul’s data protection agency said.

The U.S. tech giant obtained information from about 980,000 South Korean Facebook users on issues such as their religion, political views and sexuality while failing to seek agreement from users, the Personal Information Protection Commission said in a statement on Tuesday.

The information was then used by some 4,000 advertisers, the agency said.

A Meta Korea official declined to comment.

“Specifically, it has been found that (Meta) analysed user behaviour data such as pages they liked and advertisements they clicked on Facebook and created and managed advertising themes related to sensitive information,” the commission said.

This included users being categorised for example as being North Korean defectors, following a certain religion, or identifying as a transgender or gay person, the agency said.

© Reuters. FILE PHOTO: A 3D printed Facebook's new rebrand logo Meta is placed on laptop keyboard in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Meta had also unfairly declined a request by users to access personal information and failed to prevent data on about 10 South Koreans from being leaked by hackers, the agency said.

($1 = 1,379.5200 won)



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 68,869.45 0.49%
ethereum
Ethereum (ETH) $ 2,436.94 0.74%
tether
Tether (USDT) $ 0.999757 0.02%
bnb
BNB (BNB) $ 559.76 0.45%
solana
Solana (SOL) $ 162.08 1.01%
usd-coin
USDC (USDC) $ 1.00 0.01%
xrp
XRP (XRP) $ 0.512287 1.34%
dogecoin
Dogecoin (DOGE) $ 0.168452 12.10%
staked-ether
Lido Staked Ether (STETH) $ 2,437.13 0.70%
tron
TRON (TRX) $ 0.16244 1.59%
cardano
Cardano (ADA) $ 0.33173 0.61%
the-open-network
Toncoin (TON) $ 4.61 4.68%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 5.70%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,885.66 0.78%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 68,713.41 0.36%
avalanche-2
Avalanche (AVAX) $ 23.19 0.42%
weth
WETH (WETH) $ 2,437.25 0.74%
bitcoin-cash
Bitcoin Cash (BCH) $ 338.99 1.59%
chainlink
Chainlink (LINK) $ 10.53 0.47%
usds
USDS (USDS) $ 0.994891 0.65%
leo-token
LEO Token (LEO) $ 6.07 0.34%
polkadot
Polkadot (DOT) $ 3.83 1.98%
sui
Sui (SUI) $ 1.93 3.53%
litecoin
Litecoin (LTC) $ 67.00 1.19%
near
NEAR Protocol (NEAR) $ 3.70 2.39%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,562.78 0.79%
aptos
Aptos (APT) $ 8.18 1.00%
uniswap
Uniswap (UNI) $ 6.91 0.55%
pepe
Pepe (PEPE) $ 0.000008 1.46%
internet-computer
Internet Computer (ICP) $ 7.13 0.18%
dai
Dai (DAI) $ 1.00 0.04%
bittensor
Bittensor (TAO) $ 428.39 0.80%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.16 2.70%
monero
Monero (XMR) $ 159.26 0.89%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.06%
stellar
Stellar (XLM) $ 0.092397 1.79%
whitebit
WhiteBIT Coin (WBT) $ 18.95 0.39%
ethereum-classic
Ethereum Classic (ETC) $ 17.94 1.52%
kaspa
Kaspa (KAS) $ 0.106164 2.41%
first-digital-usd
First Digital USD (FDUSD) $ 0.999048 0.05%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.298957 0.15%
blockstack
Stacks (STX) $ 1.50 3.76%
okb
OKB (OKB) $ 37.40 0.80%
dogwifcoin
dogwifhat (WIF) $ 2.04 0.34%
filecoin
Filecoin (FIL) $ 3.34 0.50%
crypto-com-chain
Cronos (CRO) $ 0.071909 0.47%
aave
Aave (AAVE) $ 129.62 0.72%
arbitrum
Arbitrum (ARB) $ 0.480709 0.31%
mantle
Mantle (MNT) $ 0.55602 0.37%
immutable-x
Immutable (IMX) $ 1.08 0.27%