After months of negotiation and debate, the EU Parliament and Council has agreed on the content of the General Data Protection Regulation, aiming to harmonize data protection laws across all of Europe.

The General Data Protect Regulation (GDPR) could implement some harsh penalties that would cost companies billions if found to have contravened the law, leading to fines of 4% annual turnover for firms caught breaking the rules.

This new regulation also highlights the new mandatory notification process for serious breaches with includes: mandatory notification to the relevant national supervisory authority, a single regulator for multinational companies wherever their HQ is, and the mandatory appointment of a data protection officer.

Another part of the EU’s new data protection laws is the Data Protection Directive for the police and the criminal justice sector. This element promises to “facilitate cross-border cooperation of police or prosecutors to combat crime and terrorism more effectively across Europe.”

The CBI’s Interim Chief Policy Director, Matthew Fell, was quick to criticize the new laws, claiming, “From driving research and development in healthcare to powering our free social media and search platforms, data analytics is a vital part of modern business. This new legislation could hamper that with unnecessary administrative burdens and costs, like mandatory data protection officers, placed on firms of all sectors and sizes”.

The regulation is currently in the hands of a Civil Liberties Committee set to vote on Thursday before Parliament votes in the New Year. The regulation will then go into effect in two years within all member states, with no room for negotiation.



Read this article on Info-Security Magazine

Read the European Commission Press Release

Read more on the European Parliament News Website




NNT Suite of Products

change tracker gen7r2 logo

Combine industry leading Device Hardening, File Integrity Monitoring, Change Control, Configuration Management & Compliance Management into one easy to use solution that can scale to the most demanding environments!

fastcloud logo

Automatically evaluate and verify the authenticity of file changes in real-time with NNT FAST™ (File Approved-Safe Technology) Integrity Assurance.

log tracker logo logo

Comprehensive and easy to use security information & event log management with intelligent & self-learning correlation technology to highlight potentially harmful activity in seconds.

vulnerability tracker logo

Continuously scan and identify vulnerabilities with unparalleled accuracy and efficiency, protecting your IT assets on premises, in the cloud and mobile endpoints.

USA Offices
New Net Technologies LLC
Suite #10115, 9128 Strada Place
Naples, Florida, 34108
1175 Peachtree St NE
Atlanta, Georgia, 30361.
4145 SW Watson, Suite 350
Beaverton, Oregon, 97005.

Tel: (844) 898-8358
email [email protected]
UK Office
New Net Technologies Ltd
Rivers Lodge, West Common
Harpenden, Hertfordshire

Tel: 01582 287310
email [email protected]
CIS benchmarking SEWP Cybersecurity 500Sans Institute Now Certified IBM Security
Copyright 2019, New Net Technologies LLC. All rights reserved. 
NNT and Change Tracker are registered trademarks of New Net Technologies LLC.
All other product, company names and trademarks are the property of their respective owners.