Tech
WhatsApp puts aside €240m for potential regulatory fines
The move comes as the business appeals a €225 million penalty levied last year by Ireland’s data watchdog for alleged ‘severe’ breaches of privacy laws
WhatsApp has set aside nearly €240 million to pay for potential regulatory fines imposed by Ireland’s data watchdog at the same time as it battles the regulator in court to reduce a €225 million penalty levied last year.
The Meta-owned business recorded provisions for liabilities worth €238.75 million last year, newly filed accounts show. The allocation was prompted by a landmark €225 million fine imposed by the Data Protection Commission (DPC) in 2021 for alleged ...