Amazon, the world’s largest online shopping company, has been fined more than $1 trillion for misusing data.
The Luxembourg National Commission for Data Protection has been fined 886.6 million US dollars, or more than 105.41 billion rupees, for violating the European Data Protection Law.
According to international news agencies, the fine imposed on tech giant Amazon is the highest ever.
Amazon has said it has not misused the data. According to the BBC, Amazon has stated that the fine should be based on guilt and will defend the fine.
The European Union’s General Data Protection Regulation (GDPR) requires the consent of anyone who uses personal data.
Luxembourg’s Data Protection Authority decided on July 16 to pay the fine.
Luxembourg has taken action against Amazon in the wake of recent reports that the world’s largest tech company is abusing data and violating privacy. At the same time, the world’s most powerful tech companies, such as Amazon, have been accused of monopolizing the market and abusing power.
Amazon is not the first major company to be fined by the European Union, but the fines paid to it are the highest since the law went into effect in 2018.
Companies such as Google, British Airways, H&M and Merit Hotel have also been fined before, but Uniru’s fines were not so high. It is unknown at this time what he will do after leaving the post.
“Customer safety, information and their trust are our first priority,” an Amazon spokeswoman told the BBC. No customer data has been provided to third parties. He says he completely disagrees with the Luxembourg Commission’s fines.
Earlier in November, the European Union (EU) accused the company of abusing power and taking unhealthy advantage from competitors, claiming it was a large online business.
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