Amazon fined $886M by EU regulators
European regulators fined Amazon 746 million euros, roughly $886 million, over data breach violations, the company disclosed in a recent filing with the Securities and Exchange Commission (SEC).
The Seattle-based e-commerce giant was fined by the Luxembourg National Commission for Data Protection (CNDP) earlier this month in a decision that claimed Amazon’s processing of personal data did not comply with the European Union’s General Data Protection Regulation, according to the filing.
Amazon pushed back on the regulator’s findings.
“We believe the CNPD’s decision to be without merit and intend to defend ourselves vigorously in this matter,” the company said in the filing.
Raking it in: The disclosure in the filing was revealed after Amazon reported its second quarter earnings for the year, with net sales increasing 27 percent year over year to $113 billion. The increase had slowed down compared to the company’s 41 percent year over year increase from the second quarter of 2020.