Source: EU Observer
The EU commission has unveiled a single EU-wide law on internet privacy that could see overseas firms hit with multi-million-euro fines.
EU justice commissioner Viviane Reding told press at the launch event in Brussels on Wednesday (25 January) that “personal data is the currency of the digital market and it must be stable and trustworthy.” She also called data protection “a fundamental right for all Europeans.”
The draft regulation updates an old law from 1995 and comes at a time when 250 million EU citizens log on every day.
It gives people the ‘right to be forgotten’ by enabling them to force firms such as, say, Facebook or Amazon, to take their personal information off the internet or to delete it from their internal servers unless they can give a compelling reason to say No.