financetom
Business
financetom
/
Business
/
Uber Technologies Fined $324.2 Million in EU for Failing to Meet Data Privacy Standards
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Uber Technologies Fined $324.2 Million in EU for Failing to Meet Data Privacy Standards
Aug 29, 2024 8:34 AM

06:50 AM EDT, 08/26/2024 (MT Newswires) -- Uber Technologies ( UBER ) has to pay a fine of 290 million euros ($324.2 million) for not meeting EU data privacy standards when transferring the personal data of European drivers to the US, the Dutch Data Protection Authority said Monday.

The Dutch watchdog said the ride-hailing service operator transferred data to its headquarters in the US for more than two years without adequate protections required under the EU data protection code.

The EU's top court invalidated in 2020 the Privacy Shield agreement that allowed companies to transfer data from the EU to the US. Standard clauses in contracts could provide a basis for transferring data outside the bloc, as long as "an equivalent level of protection can be guaranteed in practice," the Dutch DPA said, citing the court.

"Because Uber ( UBER ) no longer used Standard Contractual Clauses from August 2021, the data of drivers from the EU were insufficiently protected," the watchdog said, adding that Uber ( UBER ) only began using the successor to the Privacy Shield by the end of last year.

Uber ( UBER ) objected to the fine, the Dutch DPA said and reportedly intends to appeal. Uber ( UBER ) did not immediately respond to MT Newswires' request for comment.

Price: 74.60, Change: +0.30, Percent Change: +0.40

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Metro Reports 15% Drop in Q2 Profit, Sales Rise 2.2%
Metro Reports 15% Drop in Q2 Profit, Sales Rise 2.2%
Apr 24, 2024
08:32 AM EDT, 04/24/2024 (MT Newswires) -- Metro Inc. ( MTRAF ) , a Canadian food retailer, reported a 15% drop in second-quarter profit Net earnings for the three months ended March 16 fell to $187.1 million, or $0.83 per diluted share, compared with $218.8 million, or $0.93 per diluted share, for the same quarter last year. Adjusted profit was...
Exclusive-Google rival Tuta complains to EU tech regulators about de-ranking
Exclusive-Google rival Tuta complains to EU tech regulators about de-ranking
Apr 24, 2024
BRUSSELS (Reuters) - German email service Tuta Mail has complained to European Union tech regulators about what it described as a sudden drop in Google search results on the day the bloc's new tech rules kicked in. The European Commission last month launched investigations into Alphabet unit Google, Apple and Meta Platforms over potential breaches of the new Digital Markets...
Mandalay Resources Says Extended The Storheden Gold Deposit Adjacent To The Operating Bjorkdal Mine
Mandalay Resources Says Extended The Storheden Gold Deposit Adjacent To The Operating Bjorkdal Mine
Apr 24, 2024
08:28 AM EDT, 04/24/2024 (MT Newswires) -- Mandalay Resources Corporation ( MNDJF ) on Wednesday said it has expanded the Storheden gold deposit, 600 metres from the Bjorkdal mine, on-strike to over 1.6 kilometres and at depth of approximate 200 m with high-grade gold intercepts. The details were provided in the first in a series of updates on its 2024...
Foot Locker Opens New Concept Store in New Jersey
Foot Locker Opens New Concept Store in New Jersey
Apr 24, 2024
08:33 AM EDT, 04/24/2024 (MT Newswires) -- Foot Locker ( FL ) on Wednesday unveiled its new retail store concept at its Willowbrook Mall location in Wayne, N.J. The store's new features include new and exclusive releases, a communal try-on area, a sneaker hub, and new digital technology that provides staff with omnichannel inventory availability, the company said in a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved