EU General Data Protection Regulation (GDPR) News

EU Lawmakers Pass Landmark Rules to Rein In Tech Giants, but Enforcement a Concern

EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet unit Google, Amazon, Apple, Facebook and Microsoft, but enforcement could be hampered by regulators’ limited resources. In addition to the rules …

Tech Giants Could Face Billions in Fines Under EU’s New Content Rules

The world’s biggest technology companies could face billions of dollars in fines for breaches of new European Union legislation after lawmakers reached an agreement on its scope early Saturday. The landmark Digital Services Act is the EU’s answer to what …

France Data Privacy Watchdog Slaps €150M Fine on Google for Misusing ‘Cookies’

PARIS – France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s Google a record 150 million euros ($169 million) for making it difficult for internet users to refuse online trackers known as cookies. Meta Platforms’ Facebook was …

Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs

Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January 2021 renewals clearly demonstrated, and moreover, the COVID-19 pandemic has worsened the “lower for longer” interest rate environment. Considering suboptimal …

Amazon Appeals Record $865M Fine for Violation of EU Data Protection Rules

Amazon.com Inc. appealed a record 746 million-euro ($865 million) penalty for allegedly violating the European Union’s tough data-protection rules. The appeal was filed at the Luxembourg Administrative Tribunal on Friday [Oct. 15], according to Luxembourg court spokesman Henri Eippers. The …

Amazon Slapped with Record Fine for Violating EU Data Privacy Rules

Amazon.com Inc has been hit with a record $886.6 million (746 million euros) European Union fine for processing personal data in violation of the bloc’s GDPR rules, as privacy regulators take a more aggressive position on enforcement. The Luxembourg National …

EU Permits Free Flow of Data with UK to Avoid Violations of Its Strict Privacy Rules

The European Union gave its formal blessing to a decision guaranteeing the free flow of data between the bloc and the UK. The European Commission, the EU’s executive arm, on Monday adopted so-called adequacy decisions that will allow companies to …

Irish Patient Data May Have Been Posted on Dark Web After Cyber Attack: Minister Says

Reports of Irish patient data posted online after a cyber attack on Ireland’s health service appear to be accurate, a government minister said, as the fallout from the hack continues. A Financial Times report that some patient data has appeared …

Cyber Attacks and Data Loss Are Top 2 Risks Facing Directors & Officers: WTW Survey

Cyber attacks and data loss are the top two risks facing directors & officers, with pandemic-related changes in working practices heightening these concerns, according to a global survey from broker Willis Towers Watson and law firm Clyde & Co. Covering …

European Union Institutions Targeted in Major Cyber Attack

A range of European Union institutions including the European Commission were hit by a significant cyber attack last week. A spokesperson for the commission said that a number of EU bodies “experienced an IT security incident in their IT infrastructure.” …