37% rural youth sans Internet access: Study
Firms such as Google Inc. and Microsoft Corp. will face stiffer fines if they violate Europe’s “right to be forgotten” online rules, according to a draft text agreed by European Union ambassadors on Wednesday, diplomatic sources said.
E.U. member states are negotiating an overhaul of the bloc’s outdated privacy laws in a bid to make them more harmonized and relevant for the rise of the Internet.
A draft proposal from Latvia, which holds the E.U.’s rotating presidency, suggests three levels of fines for companies breaching the rules, ranging from 0.5% to 2% of a firm’s annual worldwide turnover, depending on the gravity of the data breach.