⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked sharesUnlock shares

Netflix fined $5mln in Netherlands over data issues

Published 18/12/2024, 11:57
© Reuters Netflix fined $5mln in Netherlands over data issues
NFLX
-

Netflix Inc (NASDAQ:NFLX, ETR:NFC) has been slapped with a €4.75 million ($4.98 million) fine by The Dutch Data Protection Authority after not adequately informing customers over personal data usage.

Consumers were not properly informed about how the streaming service used their personal data between 2018 and 2020, the watchdog said on Wednesday.

Netflix had been placed under investigation in 2019 over the data issues, which were found to breach rules granting European Union citizens rights around the use of their information.

“Netflix did not inform customers clearly enough in its privacy statement about what exactly Netflix does with those data,” the authority noted.

“Furthermore, customers did not receive sufficient information when they asked Netflix which data the company collects about them.

“These are violations of the General Data Protection Regulation (GDPR).”

Digital rights organisation noyb.eu had initially complained over Netflix’s data usage information.

Netflix has since updated its privacy statement but objected to the fine by the watchdog.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.