Do you think social networks protect your data? Platforms have racked up $26 billion in privacy fines since 2020

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  • Social platforms have incurred more than $26 billion in fines and privacy settlements globally since 2020.
  • Meta platforms (Facebook and Instagram) accounted for $23.7 billion (91%) of all sanctions.
  • The United States led enforcement with $20.9 billion in fines, followed by European regulators with $5.16 billion.

Social media platforms thrive on personal data, but failing to protect it is proving exceptionally costly. Since 2020, the world’s top 10 social networks have racked up more than $26 billion in privacy-related regulatory fines and settlements worldwide.

According to a study published by the cybersecurity company Surfshark, the majority of this astronomical financial penalty belongs to one parent company: Meta.

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Miraj Islam is a writer and contributor at Oalanbrado, interested in news, current events, technology, lifestyle, and stories that matter to readers. He enjoys researching different topics and turning information into clear, useful, and engaging articles. Through his work, Miraj aims to keep readers informed with fresh perspectives and easy-to-understand content from Brazil and around the world.

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