Big Tech fears US regulation, but it may be Ireland that should scare them

Ireland has become the main regulator enforcing rules on how big tech companies collect and process user data under Europe's privacy law called GDPR.

, have their EU headquarters in Ireland. That means Ireland's Data Protection Commission is tasked with overseeing their compliance with GDPR's rules, such as notifying authorities of data breaches within 72 hours or making sure companies get proper consent from users on their platforms.CNBC's Beyond the Valley

, Dixon said her office has had to "significantly expand" its resources due to an influx of privacy breach notifications and complaints from individuals since GDPR went into effect. Ireland's Data Protection Commission is currently conducting 20 investigations into multinational companies over possible breaches of GDPR. Eleven of those inquiries involve Facebook or its subsidiaries WhatsApp and Instagram. Dixon said she expects the first conclusions will be reached "She added GDPR has "a big stick that's waving at companies" in the form of sanctions and fines.

Listen to CNBC's latest podcast exploring how Ireland became the lead regulator taking on Facebook and other big tech companies on user privacy and data issues.

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