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The European Union’s new data privacy rules will make companies worldwide clean up their online security, or else: "Sweeping
The European Union’s new data privacy rules will make companies worldwide clean up their online security, or else:
"Sweeping reforms are set to take charge of European consumers' online privacy and data concerns next spring, but the impact could be global — and a huge win for consumer privacy advocates. The regulation applies if the companies collecting or storing data are based in the European Union or deal with data of E.U. residents, even if their headquarters are elsewhere."
Fines are an eye-watering 4% of annual global turnover.
Source: www.niemanlab.org
privacy european data union companies global online eye-watering
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