New EU data protection rules due this week
Companies will be required to disclose security breaches within 24 hours of their occurrence under European Union proposals being made this week to strengthen data protection rules.
New rules are needed to protect consumers and reduce bureaucracy, EU Justice Commissioner Viviane Reding said in a speech at a conference today in Munich.
"Companies that suffer a data leak must inform the data protection authorities and the individuals concerned, and they must do so without undue delay," Bloomberg quoted Reding as saying at the DLD conference. "European data protection rules will become a trademark people recognize and trust … Read more