European Data Reforms Could Mean Major Changes To Business Practice

This article was first published on CloudPro. 

The EU's proposed data protection laws could have major consequences for European businesses, although there's still time to change them In January 2012, the European Commission finally unveiled its proposals for a radical overhaul to the current data protection rules which it estimates will save businesses €2.3 billion a year.

The existing rules hail from the 1995 EU Data Protection Directive and have been criticised because, far from introducing consistent protection, they have led to 27 different interpretations of data protection across the European Union.  Also, the original directive was prepared in a time before social media and cloud computing and the time is right for modernising and harmonising the rules.