European union recently proposed a new regulation to protect the privacy of its citizens. the regulation would give citizens more control over their personal data and would require companies operating within the eu to comply with data protection laws. companies would be required to obtain explicit consent from users before collecting or processing their data and would also be required to inform users about how their data is being used. companies would also be subject to fines of up to 4% of their global turnover for violations of the regulation.
Regulation is set to come into effect in 2018. it would apply to all companies processing personal data of eu citizens, regardless of where the company is based. the regulation would also create a “right to be forgotten”, allowing users to request the deletion of their data, and a “right to data portability”, allowing users to transfer their data between services.
European union proposed the new regulation in order to ensure that companies operating within the eu comply with data protection laws and to give citizens more control over their personal data. the regulation would also create a “one-stop-shop” for data protection, allowing users to file complaints with their local data protection authority. additionally, the regulation would create a “privacy by design” principle, requiring companies to build privacy protections into their products and services, and a “privacy impact assessment”, requiring companies to assess the privacy implications of their products and services.