LinkedIn has been fined €310 million (approximately USD 335 million) by European Union regulators for violating strict data privacy regulations, according to a report by frpm AP.
The fine, imposed by Ireland's Data Protection Commission, highlights major concerns about the “legality, fairness and transparency” of the platform's personal data processing methods, especially in relation to advertising.
As LinkedIn's lead privacy regulator in the 27-nation EU, the Dublin-based commission conducted an investigation that found the professional networking site had no legal basis for collecting user data intended for targeted online advertising, the AP report said. This violation of the General Data Protection Regulation (GDPR) constitutes a serious breach of data protection rights within the EU.
Deputy Commissioner Graham Doyle reportedly highlighted the seriousness of the situation, saying that processing personal data “without an appropriate legal basis is a clear and serious breach” of established privacy rights. The committee has ordered LinkedIn to bring its practices into compliance with GDPR requirements to protect the privacy of user data.
In response to the fine, LinkedIn claimed that it believes it has been “in compliance” with applicable regulations. Nevertheless, the company has expressed its commitment to ensuring that its advertising practices meet the strict requirements of the EU.
Meanwhile, fast trading platform Zepto has secured the top spot in LinkedIn's Top Startups India List for 2024, marking the second year in a row at the top of this ranking. This annual list highlights emerging companies that professionals are looking forward to joining.
The rankings are derived from insights gathered from the actions of more than a billion LinkedIn members worldwide. Startups are judged based on four key criteria: employment growth, level of engagement, interest in job opportunities and the ability to attract top talent.
(With input from AP)
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Published: Oct 24, 2024 6:16 PM IST
