Posted by Kevin on December 15, 2015.
The final pieces of the GDPR jigsaw were slotted into place this evening. The Big One is sanctions up to 4% of global revenue. Google, Microsoft and Facebook had better behave themselves in future, or we’ll be using them to pay off our national debts.
Rapporteur Jan Phillipp Albrecht commented:
This evenings’ negotiations yielded agreement on the major outstanding issues in the reform. Firms contravening the data protection regulation would face fines of up to 4% of revenue, which could imply € billions for the major global online corporations. Under the new rules, businesses would also have to appoint a data protection officer if they are handling significant amounts of sensitive data or monitoring the behaviour of many consumers.
Of course it could all be struck down if TTIP goes ahead – this law will become illegal because it interferes with big business’s Big Business; which will be illegal.Submitted in: Expert Views, Kevin Townsend's opinions |