EU Data Privacy Laws Will Snag More U.S. Companies

European data privacy laws, already far more restrictive than those in the United States, are about to get stricter and will apply to more U.S. companies than they currently do. They could also take effect sooner than planned. After Edward Snowden’s NSA revelations that the U.S. government is collecting data on European citizens, some EU lawmakers want to fast-track privacy regulation. “EU citizens must be guaranteed protection under our own EU laws,” says Sophie in’t Veld, an EU member of parliament from the Netherlands.
Source: Risk and compliance