EU data fines

EU data fines

Business could face higher fines for data protection breaches  New laws proposed by the European Parliament could see businesses operating in the EU fined up to 4% of their annual global turnover for breaching data protection rules. The new rules would replace a patchwork of national laws  

 dating back to 1995. Businesses have pushed back against higher fines, arguing they would deter investment in data-based services in Europe.

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