New EU Legal Privacy Framework: We're Not Kidding
An anonymous reader writes "Viviane Reding, Vice-President of the European Commission announced today a new regulation for data privacy in Europe (PDF) in replacement of a 1995 Directive. Recently, privacy laws have been under a lot of criticism for their practical inability to ensure a high level of protection to EU citizens. The new data privacy framework will bring a lot of changes: 24 hours security breach notifications, mandatory security assessments, end of notifications to local data privacy agencies, mandatory data protection officers and huge administrative fines: up to 2% of the annual worldwide turnover (that would have meant $1.2 Billion for Microsoft in 2008). Indeed that's 'the necessary "teeth" so the rules can be enforced.'"
No it can't just be ignored. If these laws pass, every EU country will be forced to implement them. The European Commission has very sharp teeth indeed on stuff like this, and does not take kindly to companies trying to ignore its rules.