Happy New Year✨ In our first 2024 newsletter we’ll wrap up 2023 and have a quick look at the privacy horizon for the year ahead. Let's dive in!
During 2023, the EU-US Data Privacy Framework was finalized and new data protection laws were introduced around the world. But it was mostly the enforcement actions against Big Tech companies (such as Meta) and a dramatic focus on AI regulations that made the headlines.
Here are the main takeaways from 2023:
The cumulative numbers for 2023:
438 total GDPR fines
€2.054 Billion in fines
The latter is mostly due to Meta's €1.2 billion fine, the largest GDPR fine ever issued. That fine was over Meta’s continued data transfers from users in Europe to the US and as you might recall from our previous newsletter, they’re also facing issues in Norway.
We believe it's likely that the following will happen (although nothing is certain these days 😉
We will keep a close look on all the above and anything else that happens in the world of privacy this year. And will of course keep you updated.
Wishing you a good start to 2024 from Stine, Ausra and the Openli Team
Sign up for a regular dose of news and updates from the legal landscape.