Europe Developed New Data Privacy RulesAdded: Wednesday, June 17th, 2015
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All 28 member states of the EU Council have agreed to new pan-European data protection laws. This approach will allow to unify tough new regulations across the union. In other words, this move would allow to create a single pan-European framework for privacy and the handling of EU citizens’ data, while now data privacy is regulated by watchdogs in the country of operation.
The first efforts towards creating such framework were made by the European commission 3 years ago and aim to build a single digital union. The European parliament approved the scheme a year ago, but the EU Council has struggled to come to agreement. While the EU Council suggests new fines for breaches of the European privacy and data protection law of up to €1m or 2% of the firm’s global annual turnover, the European Parliament wants them to be €100m or 5% of turnover. The ongoing negotiations will be the responsibility of Luxembourg, because this country takes over the presidency of the EU council.
Some welcome the unified regulations, but lobbying, which has delayed proceedings, has revealed some aspects that the companies are worried about. For example, under a new scheme, users will be able to sue companies who process data, such as cloud storage providers, along with those who own it or collect it. Amazon and IBM worry that this can hurt Europe’s cloud computing industry.
It is not a secret that many US tech giants have based their European operations in Ireland, because if Irish data protection authority regulates their compliance with local laws, the tech firms are then able to operate in any European member state. The new scheme assumes the creation of a single nominated authority that could regulate data protection issues.
Wednesday, June 17th, 2015No comments
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