At an event in Frankfurt this week, European Data Protection Supervisor Peter Hustinx said that stricter sanctions for violations and a collective redress mechanism could improve compliance with data protection regulations, reports mlex.com. He pointed to the types of fines levied in antitrust cases as an example of what could work for data protection, saying, "anticompetitive fines can range in the millions, and if it is a big wrongdoing, that is probably what it takes to make (enforcement) more effective." When it comes to incenting firms to comply, Hustinx suggested, "if accountability for data protection was linked to being registered on a stock exchange, and the board needs to be sure that it has to be correct, there is a stronger incentive to seek compliance." (Registration may be required to access this story.)
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