TechRadar
Think social media protects your data? Platforms have racked up $26 billion in privacy penalties since 2020
Social platforms have incurred over $26 billion in privacy fines and settlements globally since 2020. Meta platforms (Facebook and Instagram) accounted for $23.7 billion (91%) of all penalties. The US led enforcement with $20.9 billion in fines, followed by European regulators at $5.16 billion. Social media platforms thrive on personal data, but failing to protect it is proving exceptionally costl…