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EU data protection law reform criticised on Data Privacy Day (SC Magazine)

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The European Union has been battling for 18 months to make changes to the continent’s data laws, which have remain unchanged since 1995. Ahead of today’s Data Privacy Day, EU Justice Commissioner Viviane Reding once again called for the EU Data Protection Reform, which could see businesses lose as much as 5 percent of annual revenue – or up to €20 million – in the event of a data breach.

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