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January 25, 2012 04:05 pm

New EU Legal Privacy Framework: We're Not Kidding


An anonymous reader writes "Viviane Reding, Vice-President of the European Commission announced today a new regulation for data privacy in Europe (PDF) in replacement of a 1995 Directive. Recently, privacy laws have been under a lot of criticism for their practical inability to ensure a high level of protection to EU citizens. The new data privacy framework will bring a lot of changes: 24 hours security breach notifications, mandatory security assessments, end of notifications to local data privacy agencies, mandatory data protection officers and huge administrative fines: up to 2% of the annual worldwide turnover (that would have meant $1.2 Billion for Microsoft in 2008). Indeed that's 'the necessary "teeth" so the rules can be enforced.'"

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/X2LfKdRHbqI/new-eu-legal-privacy-framework-were-not-kidding

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