Data Protection Regulation news // IT Management Solutions

Data Protection Regulation news

Botond HorvathThe document gives more power to the users of online services, proposes stronger safeguards for EU citizens’ data that gets transferred abroad, and considerably increases the fines that can be imposed on companies that break the rules.

The draft of the Regulation was approved by overwhelming majority, with 621 member of the European parliament voting in favour, and only ten against.

In order to become law, the proposed Regulation will have to be adopted by the Council of Ministers using the “ordinary legislative procedure”, but today’s vote means the position of the Parliament is now set in stone and will not change even if its composition changes following European elections in May.

Regulation for the new century

“The citizens of Europe expect us to deliver a strong EU wide data protection regulation. If there are some member states which do not want to deliver after two years of negotiations, the majority should go ahead without them, ” said Jan Philipp Albrecht, rapporteur for Data Protection Regulation.

Women in Economic Decision-making: Viviane RedingThe current EU directive “on the protection of individuals with regard to the processing of personal data and on the free movement of such data” had been approved in October 1995, long before the Internet became the driving force behind some of Europe’s major economies. The recent revelations about surveillance practices of the US National Security Agency (NSA) have also highlighted the need for reform.

According to some estimates, the value of European citizens’ personal data has the potential to grow to nearly €1 trillion annually by 2020.

Right to be forgotten

Under the new rules, any company that wants to disclose any EU citizen’s personal data to an entity outside of the Union will have to seek permission of a national data protection authority, and adhere to the Data Protection Regulation. It is thought that this measure will protect European Internet users from intrusive data collection by foreign intelligence agencies.

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