European Parliament approves General Data Protection Regulation in historic privacy ruling

From: Computer Business Review

Eleanor Burns

News: Businesses will face potentially huge fines if they break the new data protection rules.

The General Data Protection Regulation has cleared its final approval hurdle, having today won approval from MEPs.

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However, as previously mentioned, this law is set to hit every business that deals with data – a fact which means a lot of companies, inside and outside the EU, have an awful lot of work to do before the regulation comes into play in 2018. Mark Thompson, privacy lead in KPMG’s cyber security practice, said:

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