The European Union believes that harsher fines are necessary for companies that violate data privacy. The charge by the EU is being made Viviane Reding, its justice commissioner, and also vice-president of the European Commsion, who believes that the fines given to tech companies need to be much more than a slap on the wrist. To her, the fines that have been recently given to Google, including the the 900,000 euros ($1.2 m) handed to them from Spain, amount to nothing more than “pocket money”.
If Reding had it her way, the fine that Google would have received would have been 740m euros, or $1 billion USD. She would also put a law in place that would require any breaches of data privacy to carry a fine that would amount to 2% of the company’s “global annual turnover”.
[via BBC News ]