Amazon Fines Record Amount in EU

Amazon Fines Record Amount EU

The European Privacy Office fined Amazon € 746 million for violating customer data protection laws.

The American corporation Amazon was fined in the EU for violating personal data protection rules. The company will have to pay a record 746 million euros ($ 888 million).

The company is headquartered in Luxembourg, so they received a fine from the Luxembourg National Data Protection Commission (CNPD).

In response, Amazon said it considers the CNPD’s decision to be unfounded. The fine was imposed following growing oversight of large tech companies by regulators due to concerns about confidentiality and misinformation, as well as complaints from some businesses that tech giants are abusing their market power.

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