Microsoft prepares to withdraw $425 million to pay Irish privacy fine

According to news on June 3, Microsoft is expected to face a fine of up to US$425 million (approximately 3.013 billion yuan) because its social platform linkedIn is accused of violating privacy rights.

This fine was initiated by the Irish Data Protection Commission (IDPC) to investigate, focusing on whether linkedIn’s behavior in 2018 violated European data protection regulations. Details of the specific charges have not been made public.

The EU is concerned about targeted advertising practices because they rely heavily on personal data. One of the core aspects of the General Data Protection Regulation (GDPR) privacy law is ensuring that personal data is protected and that transparency around its use is ensured.

Earlier this year, Facebook was also fined 1.2 billion euros (approximately 9.132 billion yuan) by the IDPC for violating EU GDPR privacy regulations. Within the EU, breaches of the rules can result in considerable fines, which can reach up to 4% of their global annual turnover in the previous year.

Currently, IDPC has not responded to Reuters’ request for comment. Microsoft issued the following statement: After review and analysis, the company will increase its existing reserves for this matter and accrue approximately $425 million in the fourth quarter of fiscal 2023 based on current exchange rates.

According to Reuters, Microsoft was informed of the preliminary decision and plans to challenge the fine once the final form of the IDPC fine is issued, which will be around April. Microsoft will continue to cooperate and communicate with relevant agencies on this matter.

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