Companies will be required to disclose security breaches within 24 hours of their occurrence under European Union proposals being made this week to strengthen data-protection rules.
New rules are needed to protect consumers and reduce bureaucracy, EU justice commissioner Viviane Reding said in a speech at a conference on Sunday in Munich.
"Companies that suffer a data leak must inform the data-protection authorities and the individuals concerned, and they must do so without undue delay," Bloomberg quoted Reding as saying at the DLD conference. "European data-protection rules will become a trademark people recognise and trust worldwide."
For more on this ZDNet UK-selected story, see New EU data protection rules due this week on CNET News.
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