European Parliament Votes on Largest Data Protection Law Change in Last 20 YearsMEDIA ROOM
In December 2015, the EU Commission, European Parliament and the Council of Ministers agreed on The General Data Protection Regulation following months of negotiations. The document then went before the European Parliament for a formal vote and the new rules will come into effect this summer.
Member states will be given a time frame of two years within which to become compliant to the new rules, adopted with the aim of strengthening individuals’ rights over data related to them and the way in which companies use their data. Data protection laws were drawn up for the first time in 1995, prior to mass internet adoption, thus a thorough modernisation of these laws was needed.
The new laws can imply huge fines for companies that do not take seriously the way they store, use, delete and return data to citizens.
Sourced from BBC News.