EU with New Data Protection Laws Due to the Facebook Scandal
New laws on data protection of online consumers enter into force on May 25th in the European Union, Brussels calls them the new global standard after the scandal with stolen data from Facebook.
The laws will be applied to major technology companies such as Google, Twitter, and Facebook that use consumer data for advertising purposes as well as for banks and public authorities/institutions.
One of the important changes is that users must explicitly give permission that their data can be used and they may also ask for their personal information to be deleted.
Companies that do not follow the so-called EU Basic Data Protection Regulation (GDPR) will be fined up to 20 mln. Euro, or 4% of their global annual turnover.
"Data is yours - take control," encourages the European Commission as long as the measures come into force for EU citizens.
The adoption of these new laws is provoked by the recent Facebook scandal when it became clear that in 2016 the personal data of millions of social network users were acquired by Cambridge Analyst for US presidential election purposes.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » The Juncker Plan Will Provide Financial Assistance of BGN 10 million For 320 Micro-Enterprises in Bulgaria
- » EP Supports Accession Talks with Albania and Northern Macedonia
- » New Report: EC Reports on Bulgaria's Progress, Considers Dropping Monitoring (REVIEW)
- » Today's EC Monitoring Report on Bulgaria is Likely to be the Latest
- » The Latest Monitoring Report on Bulgaria is Expected to be Submitted Today
- » Six Countries Sign Common Document on Mobility Package