Slashdot Mirror
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.'"
Every time I see that measured, it consistently shows the US having the least social mobility of all developed nations. For example, here: http://ftp.iza.org/dp1993.pdf and http://wrap.warwick.ac.uk/81/
I do often see the claim that the US has an advantage here, but I have never, ever seen it backed up, while I have seen the counterclaim backed up.