EU Proposes €100 Million Fine for Data Abuse

The European Parliament's Civil Liberties Committee has adopted new data protection regulations.
Replacing the EU Data Protection Directive established in 1995, it grants consumers the "right to erasure" of their personal data. Companies violating the regulation face fines of up to €100 million (approximately ¥13.4 billion) or 5% of their global annual revenue, whichever is higher.
It will take effect after consultation with member states.

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EU Privacy Vote Brings Strict Data-Use Law One Step Closer
If Member Nations Agree, Rule Would Levy Stiff Fines on Violators
Published: October 21, 2013