News

EU may tighten data privacy laws for US companies

Wednesday 11 March 2015 08:48 CET | News

The European Union has been working on a bill that would change the way US companies that operate in Europe could handle consumer data.

The draft legislation would require individuals to consent explicitly before businesses could share their personal data. It would also broaden the so-called right to be forgotten. The legislation is being negotiated within the EU and must pass through several political hurdles before it could take effect.

European authorities also are considering scrapping an agreement between the US and EU known as safe harbor. The accord allows American companies to collect data generated by their European customers, but the EU Parliament and German regulators have suggested ending it. This change could go into effect at any moment.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: data breaches, online security, web fraud, digital identity, privacy, data protection, EU
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime