EU proposes new data security guidelines for tech firms

01/21/2013 | CNET

Large tech companies doing business in one of the 27 member nations of the European Union would be required to disclose security breaches or face sanctions under a new proposal. According to European Commission Vice President Neelie Kroes, the regulations would apply to e-commerce companies and social networking platforms such as Facebook that have access to large amounts of private data.

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