On-line Security and Media Regulation Invoice: Social media corporations face €20m fines if unlawful content material not eliminated | Eire
Social media companies could face fines of several million euros if they do not remove harmful content under new legislation.
Online services like Facebook and YouTube that refuse to remove criminal material could face fines of 20 million euros, or 10 percent of their annual sales.
The Online Safety and Media Regulation bill targets online websites that contain criminal content, cyber bulling, and content that can promote eating disorders, self-harm, or suicide. The bill also updates the legislation regulating television and video-on-demand services.
It is the first law to deal with video regulation on video platforms, including YouTube. The government introduced the legislation following an EU directive signed in 2018.
As part of the new regulations, the