Understanding the new EU data regulations

Sometimes I get a little “Americentric,” since I live and work in the U.S. But our audience here is international, and many U.S. companies operate branches in other countries, as well. Last month, The European Union released new data security regulations, which member states are required to implement. One of the main components is an update to the data breach law, which set some strict rules for notification of affected customers and employees and also impose new fines that can be as much as €1,000,000 or 2% of a company’s global annual turnover – a huge increase. Businesses that operate in Europe need to be aware of this new law and start making plans for compliance. Luckily, there is some time to do that, since the timeline doesn’t come into force until 2015. Find out more:


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