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EU Imposes Record High Fine on Amazon for Data Violation

M. Ali 31 July, 2021 12:13 am Global Stock Market, Market Update

The European Union has imposed a huge fine on Amazon.com due to violating data protection rules.

The e-commerce giant will have to pay a record $886.6 million for processing personal data in violation of the EU’s General Data Protection Regulation (GDPR).

A ruling was issued by the Luxembourg National Commission for Data Protection (CNPD) on July 16, but the company disclosed the decision today, after reporting its quarterly earnings.

Amazon plans to appeal the fine, Reuters reported citing a company spokesperson.

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