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EU Parliament Overhauls Consumer Data Protection

By Angela Hunt
November 30, 2013

Everyone, especially corporate leaders, got a little paranoid last year when National Security Agency (NSA) whistleblower Edward Snowden pulled the alarm on U.S. surveillance. See, “NSA Revelations Boost Corporate Paranoia About State Surveillance,” Financial Times, (registration req'd.). That paranoia turned into palpable risk after reports emerged of the NSA tapping the phones of German Chancellor Angela Merkel and executives at Brazilian oil company. See, “United States Tracked Merkel's Phone Since 2002: Report.”'

Now, European countries have committed to overhauling their archaic data protection standards to mitigate the risks of economic espionage, and plan to include provisions to protect consumer information.

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