Technology giants such as Google and Microsoft will face stiffer fines if they violate Europe’s “right to be forgotten” online rules, Reuters reported.
Under a draft proposal agreed by European Union ambassadors on Wednesday, there will be three levels of fines for companies breaching the rules, the report said, citing diplomatic sources.
The fines will range from 0.5 percent to 2 percent of a firm’s annual worldwide turnover, depending on the gravity of the data breach, it said.
Failure to “erase personal data in violation of the right to erasure and ‘to be forgotten’ will fall under a category that would involve maximum fines, according to the report.
EU ambassadors are said to have endorsed the fines on Wednesday.
The move comes as EU member states are negotiating an overhaul of the bloc’s outdated privacy laws in a bid to make them more harmonized and relevant for the rise of the Internet.
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