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Complicated rules and heavy fines. Elon Musk’s concerns

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Twitter will be fined $1 million for exposing the personal information of millions of users, as Meta got last week. But it’s not about the money. The problem for Elon Musk is that Irish authorities are beginning to enforce historically strict European regulations on privacy with unusual vigor. A Risk for Social Networks and Big Tech

Elon Musk He may be in a cold sweat. The reason is that Twitter received a request from the Irish Privacy Commissioner to provide information about A Data leakage The data of millions of users online, including email addresses and telephone numbers, was exposed. Kasthurirangan should be concerned for two reasons. The first is the Irish Data Protection Commission He presented Facebook/Meta was fined $265 million last week for a similar incident. Second, and more importantly, if big tech can afford such a cost, they are forced to adapt to stricter European regulations, which the Irish authorities seem more than willing to apply.

The latter is an unusual element of the story. Twitter and Meta, like many tech companies, have their European headquarters in Ireland. the reason? The tax exemptions granted by the country are often lenient in implementing European legislation in this field. Yesterday, the legally competent Irish guarantor sent a letter to Twitter seeking an explanation for the incident and is now awaiting a response.

Twitter He was conveying it In August, some hackers exploited vulnerabilities in the systems to obtain users’ telephone numbers and emails. Today, the extent of the platform damage is not specified, but Some media Talk about about five and a half million user profiles shared on hacker forums, at least until November 24, 2022.

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In fining Facebook, the Irish ombudsman argued that the social network had failed to meet its obligation to ensure privacy.Design and default”, which means that the product is not designed in such a way that personal data cannot be leaked. Since 2018, Meta has been fined $1 billion, adding to the fines in the past. European General Data Protection Regulation came into force (known as GDPR).

In short, the meshes of European regulation are tightening until hackers steal user data, the only one in the world that offers such a high level of privacy protection. The Californian businessman is getting headaches, and he already has Other jobs To think about lenders’ criticisms, cyber risks (as seen), advertisers and personnel management.

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