By Julia Fioretti BRUSSELS (Reuters) – New European privacy regulations that go into effect on Friday will force companies to be more attentive to how they handle customer data, while bringing consumers both new ways to control their data and tougher enforcement of existing privacy rights. The European Union General Data Protection Regulation (GDPR) replaces the bloc’s patchwork of rules dating back to 1995 and heralds an era where breaking privacy laws can fetch fines of up to 4 percent of global revenue or 20 million euros (17.5 million pounds), whichever is higher, as opposed to a few hundred thousand euros. Many privacy advocates around the world have hailed the new law as a model for personal data protection in the internet era and called on other countries to follow the European model. Critics, though, say the new rules are overly burdensome, especially for small businesses, while advertisers and publishers worry it will make it harder for them to find customers. The … [Read more...] about EU privacy law heralds new era in online data protection
Eu data protection directive
Europe's major privacy law, known as GDPR, goes in effect Friday. Here's what you need to know. What does GDPR stand for? General Data Protection Regulation. How did it come about? In January 2012, the European Commission set out plans for data protection reform across the European Union in order to make Europe 'fit for the digital age'. Almost four years later, agreement was reached on what that involved and how it will be enforced. One of the key components of the reforms is the introduction of the General Data Protection Regulation (GDPR). This new EU framework applies to any organizations that have data on EU citizens, which means it has implications for businesses and individuals across and beyond Europe. "The digital future of Europe can only be built on trust. With solid common standards for data protection, people can be sure they are in control of their personal information," said Andrus Ansip, vice-president for the Digital Single Market, speaking when … [Read more...] about What is GDPR? Everything you need to know about Europe’s general data protection regulations
Microsoft promised Monday to give users worldwide the same data and privacy rights Europeans will get under new regulations there. That's in contrast to some of its tech rivals, who are hedging on how much privacy protections will change for Americans and other non-Europeans. Microsoft's move means no matter where you live, you'll be able to see what information the company collects about you and correct or delete it if necessary. You'll also be able to object to the use of data for marketing and other purposes. You can exercise the rights by using online tools or contacting the company directly. New European rules, known as the General Data Protection Regulation, take effect Friday, but U.S. tech companies haven't generally embraced them outside of the European Union. Facebook, for instance, has said it's offering the same privacy settings and controls worldwide but has stopped short of promising European-style rights around the globe. Julie Brill, Microsoft's deputy general counsel, … [Read more...] about Microsoft Pledges to Extend EU Data Rights Worldwide
Facebook has made moves to shrink their legal responsibilities under new EU data laws by storing as much international user data as possible in the United State instead of Ireland Facebook is reportedly making a change to their Terms and Conditions that will be pushed out next month which will see the user data of all non-EU international users processed by Facebook USA rather than Facebook Ireland, meaning that approximately 1.5 billion Facebook users located in Africa, Asia, Australia and Latin America will not be subject to the new EU General Data Protection Regulation (GDPR) data laws which take effect on May 25, according to Reuters.The new GDPR will allow European regulators to fine companies that collect or use personal data of their users without their permission. The GDPR allows for fines of up to 4 percent of global annual revenue for infractions by companies, making Facebook’s decision to push 1.5 billion users outside of the reach of the GDPR … [Read more...] about Facebook Shrinks Legal Responsibilities Under New EU Data Laws by Shifting User Info to U.S.
By Stephanie Bodoni Published 4:06 pm, Friday, April 6, 2018 Photo: Fabrice Coffrini / AFP / Getty Images 2017 Image 1of/1 CaptionClose Image 1 of 1 Facebook executive Sheryl Sandberg will discuss the crisis with the EU justice commissioner. Facebook executive Sheryl Sandberg will discuss the crisis with the EU justice commissioner. Photo: Fabrice Coffrini / AFP / Getty Images 2017 European Union officials want answers on Facebook data scandal 1 / 1 Back to Gallery Facebook officials will be traveling — or at least making phone calls — to Europe to respond to concerns that the data of as many as 2.7 million people in the European Union might have been shared with a consulting firm that worked on Donald Trump’s presidential campaign. Chief Operating Officer Sheryl Sandberg is planing a call … [Read more...] about European Union officials want answers on Facebook data scandal