Luxembourg privacy authority fines Amazon with 746 million euros

Luxembourg privacy authority fines Amazon with 746 million euros

With almost three quarters of a billion euros, internet giant Amazon will receive the largest fine ever handed out by a privacy watchdog in an EU country. The fine was issued by the Luxembourg CNPD for violating European privacy rules, which came into effect in May 2018. Bloomberg news agency reported this on Friday.

Processing customers’ personal information – which Amazon does, for example, to better advertise to visitors to their own site – is in violation of European law, according to CNPD. The Luxembourg watchdog has not yet commented on the fine. According to Amazon, the decision to impose a fine is based on a biased interpretation of European law, and no customer data has been leaked to third parties.

The fine is the next step in the battle between the Brussels and the tech giants, who often use their… de facto monopoly position. Last June, for example, the French competition authority handed out a fine of 220 million euros to Google, which allegedly abused its position in the online advertising market. The French ruled that Google wrongly gave priority to advertisements that were sold through its own advertising service.

Tech companies are not only active as web shops or social networks, but are also increasingly expanding their services to the financial world. Last month, De Nederlandsche Bank (DNB) also warned of the increasing influence of groups such as Google, Apple, Facebook and Amazon. They also called for more European supervision of the activities of tech companies in the financial sector.

Luxembourg privacy authority fines Amazon with 746 million euros
Source link Luxembourg privacy authority fines Amazon with 746 million euros

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