Facebook reserves 77 million euros in its Irish WhatsApp

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Facebook is aware that some European fines may be upon them, and that is why they set aside more than 77 million euros in their accounts from the Irish subsidiary of WhatsApp last year. To understand the origin of everything, you have to go to Max Schrems, an Austrian privacy activist who is also one of Facebook's worst nightmares. In October 2015, the Court of Justice of the European Union ruled on the Schrems case and overturned the Safe Harbor agreement between the United States and the Old Continent, which guaranteed the transfer of data from European users to North America. Schrems has been litigating against Facebook since 2011, when he started an NGO, today known as noyb.

Europe will present its new directive to regulate technology companies at any time: the main legal challenges for Google, Apple, Amazon and Facebook In July of this year, the CJEU once again ruled against the big technology companies, also at the request of Schrems. The Schrems II ruling overthrows the agreement that was born after Safe Harbor, Privacy Europe Cell Phone Number List Shield , and understands that data transfers from European users to the US are illicit because data processing there does not have the same standards and the same guarantees that are reserved. in Europe. Despite this, technology companies such as Facebook and Google have continued to transfer data from European citizens to their headquarters in the United States at the request of a legal mechanism called standard contractual clauses , the SCC. noyb, the Schrems NGO, has filed a hundred complaints against the technology companies in the different European data protection bodies to put an end to this. And yet, so far the fines have not arrived.

Although they could arrive before the end of the year. This is what can be deduced from a movement that WhatsApp made last year, and that has been reflected in its accounts now. As detailed in The Irish Times , WhatsApp Ireland recorded losses of 11.2 million euros last year after reserving 77.5 million to face any sanctions that may come now. According to the Irish media, the company, owned by Facebook, established this subsidiary in Ireland in 2017. Its role is to be the data funnel for Europeans who use WhatsApp , and to provide its service to other Facebook companies. It only has 20 employees. WhatsApp Ireland's expenses skyrocketed last year by up to 86.2 million , because the Facebook subsidiary decided to make a provision of 77.5 million for "possible administrative sanctions derived from compliance with the new regulations that are currently under investigation.