Breaches of new EU data protection reforms mean businesses will face financial sanctions on global revenues, costing internet companies millions.

After three years of negotiations the rules have finally been agreed upon by European lawmakers, harmonising data protection rights across the EU for the first time.

The reforms consist of two instruments; the General Data Protection Regulation and Data Protection Directive.

The regulation focuses on enabling people to control their data, while cutting red tape to help businesses benefit from the Digital Single Market.

The directive aims to help the ...

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