Amazon Hit With $887 Million Fine by European Privacy Watchdog

Amazon has been issued with a fine of 746 million euros ($887 million) by a European privacy watchdog for breaching the bloc's data protection laws. From a report: The fine, disclosed by Amazon on Friday in a securities filing, was issued two weeks ago by Luxembourg's privacy regulator. The Luxembourg National Commission for Data Protection said Amazon's processing of personal data did not comply with the EU's General Data Protection Regulation. It has ordered Amazon to revise certain undisclosed business practices. Amazon, which has its European headquarters in Luxembourg, denied that there had been any kind of breach that would violate the GDPR rules. "Maintaining the security of our customers' information and their trust are top priorities," an Amazon spokesperson told CNBC. "There has been no data breach, and no customer data has been exposed to any third party," they added.

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