Ok, it may be that I took a liberty or two with the headline. However, when you read what the EU (European Union) is “allowing” itself to do if a company violates their first update to their data protection laws in 17 years and then look at the state of THEIR union its not a very far jump to get to my conclusion.
Companies face fines as high as 2 percent of yearly global sales for losing personal data under an overhaul of European Union privacy rules.
Data protection agencies in the EU’s 27 countries would gain the power to sanction companies that violate requirements for handling personal information proposed by the European Commission today. The measures, which also target online- advertising and social networking sites, update the EU’s 17- year-old data protection policies.