Search Results for: European Commission
GDPR fines mount
September 2nd, 2020
In the over two years since Europe’s General Data Protection Regulation (GDPR) was implemented on the EU and EEA, a team of financial analysts from Finbold has studied the fines and penalties that data protection authorities have imposed within ...
Major tech corporations face multi-billion-euro cases for alleged GDPR breaches
August 17th, 2020
Two multinational data processing firms are facing legal action that could amount to billions of euros for alleged breaches of the EU’s General Data Protection Regulation (GDPR). The Privacy Collective, a non-profit Foundation that pursues claims for violations of ...
EU top court invalidates EU-US data transfer agreement over surveillance concerns
July 23rd, 2020
The European Union’s top court ruled on Thursday that an agreement with the US allowing for the transfer of personal data from the bloc to Washington is invalid because of surveillance concerns. The European Court of Justice (ECJ) ...
U.S. opens new investigations into countries planning digital taxes
June 16th, 2020
The United States is stepping up pressure on other countries over negotiations for a digital services tax, opening new probes into nations planning higher duties on tech giants. The U.S. trade representative announced Tuesday it is investigating Austria, Brazil, ...
TikTok faces scrutiny from EU watchdogs over Data practices
June 12th, 2020
TikTok, ByteDance Ltd.’s social media app, is facing broader scrutiny over its privacy policies, following a decision by the European Union’s data protection chiefs to coordinate potential investigations. Wednesday’s announcement by a panel of EU authorities follows the decision ...
Euro hits 3-month high on Friday
June 5th, 2020
The euro jumped to a three-month high on Friday after the European Central Bank expanded its stimulus more than expected to prop up an economy dealing with its worst recession since World War Two. The ECB’s move supported appetite ...
How criminals profit from the COVID-19 pandemic
March 31st, 2020
Europol, the European Union’s law enforcement agency, has published a report about the latest developments of COVID-19 on the criminal landscape in the EU. In accordance with the Europol’s latest report: During this unprecedented crisis, governments across Europe are ...
Europe stocks sink on fears coronavirus is spreading in Italy
February 24th, 2020
European stocks were sharply lower Monday as investors focus on the continuing spread of the coronavirus and watch as Italy grapples with the largest outbreak outside of Asia. The pan-European Stoxx 600 plunged 3.5% by mid-morning, with travel and ...
Facial recognition technology breaches GDPR says Vestager
February 19th, 2020
Margrethe Vestager, EU’s tech chief Margrethe Vestager said on Thursday that facial recognition technologies breach the need to give consent, which is stipulated in Europe’s data protection rules (GDPR). However, the Commissioner backed their use in case of public ...
Data protection fines hit £100m during first 18 months of GDPR
January 23rd, 2020
European countries have imposed approximately €114 million (£97 million) in data protection fines on businesses since revamped laws came into force in May 2018. Regulators have received 160,000 data breach reports, with UK firms third-most reported across Europe Approximately ...
