Europe set to unveil new rules and 10% turnover fines for large tech firms

Europe set to unveil new rules and 10% turnover fines for large tech firms

Europe set to unveil new rules and 10% turnover fines for large tech firms

Europe is expected to announce new rules today that would impose large fines on tech companies for publishing illegal content or breaching competition rules. An article in AFP said the European Union’s Digital Services Act and Digital Markets Act will propose fines of up to 10% revenue for firms that break the most serious rules, and the power to ban…

French data regulator fines Google and Amazon €135m for cookie breaches

French data regulator fines Google and Amazon €135m for cookie breaches

French data regulator fines Google and Amazon €135m for cookie breaches

Google has been fined €100m by French data regulator CNIL for placing advertising cookies without consent on search engine google.fr, and dished out a further €35m penalty to Amazon Europe for similar breaches of national law. The fines are based on breaches of French law before the introduction of Europe’s General Data Protection Regulation (GDPR), but CNIL has since amended…

Green and ESG credentials under microscope in 2021, says Clyde & Co

Green and ESG credentials under microscope in 2021, says Clyde & Co

Green and ESG credentials under microscope in 2021, says Clyde & Co

European companies face tougher regulatory scrutiny over their green policies next year as environmental, social and governance (ESG) credentials becomes a growing corporate risk, said Clyde & Co in a series of predictions for 2021. Simon Konsta, partner at Clyde & Co, said companies that fall foul of greenwashing – where companies mislead investors, customers and/or regulators about the environmental…

Anra backs call for state-backed Italian insurance solution

Anra backs call for state-backed Italian insurance solution

Anra backs call for state-backed Italian insurance solution

Italy’s risk and insurance management association Anra is ready to work with its national insurance association Ania to call on the Italian government to create a state-backed insurance facility, to help business cope with future health crises and other risks that the commercial insurance market is struggling to cope with. Anra believes that to help ensure greater resilience within the…

Vodafone fined €12.3m by Italian regulator for GDPR telemarketing breach

Vodafone fined €12.3m by Italian regulator for GDPR telemarketing breach

Vodafone fined €12.3m by Italian regulator for GDPR telemarketing breach

Vodafone has been fined €12.3m by the Italian data protection regulator Garante, for breaching personal data rules under the General Data Protection Regulation (GDPR). The fine follows an investigation after the regulator received complaints from Italian consumers about unsolicited phonecalls from Vodafone’s sale network as part of a telemarketing campaign. The fine is the third largest fine levied by Garante…

Companies face heightened legal risk as EU adopts collective redress rules

Companies face heightened legal risk as EU adopts collective redress rules

Companies face heightened legal risk as EU adopts collective redress rules

The European Parliament has adopted rules that will allow consumers to seek collective redress across the bloc against companies that breach consumer rights, raising the risk of litigation for companies operating in the region. This is the final step in the legislative process that has run for two years. The European Commission said safeguards have been put in place to…

French medical regulator indicted for Sanofi epilepsy drug

French medical regulator indicted for Sanofi epilepsy drug

French medical regulator indicted for Sanofi epilepsy drug

The French medical safety regulator faces prosecution for injuries and manslaughter by negligence caused by epilepsy drug Valproate, which was sold by pharmaceutical firm Sanofi as Dépakine. The National Agency for Medicines and Health Products (ANSM) disclosed it has been indicted and will cooperate with investigators. Valproate taken by pregnant women is alleged to have caused health problems in their…

ICO slashes Marriott GDPR fine to £18.4m

ICO slashes Marriott GDPR fine to £18.4m

ICO slashes Marriott GDPR fine to £18.4m

UK regulator the Information Commissioner’s Office (ICO) has slashed its proposed GDPR fine of almost £100m against hotel group Marriott International to just £18.4m, after it took into account the impact of Covid-19 on the business and mitigation measures put in place after the breach was identified. The reduced penalty was anticipated after the ICO reduced a record fine of…

H&M’s €35m GDPR fine highlights growing enforcement trend

H&M’s €35m GDPR fine highlights growing enforcement trend

H&M’s €35m GDPR fine highlights growing enforcement trend

H&M’s recent €35m GDPR fine, based on a new model formula in Germany, reflects a trend for higher penalties and more investigations under the regulation across many parts of Europe, according to leading lawyers. Swedish clothing retailer H&M was fined just over €35m by Hamburg’s data protection commissioner, for GDPR breaches. The company was found to have unlawfully collected and…

UK exposes planned Russian cyberattacks on 2020 Olympics as US issues indictments

UK exposes planned Russian cyberattacks on 2020 Olympics as US issues indictments

UK exposes planned Russian cyberattacks on 2020 Olympics as US issues indictments

Russia was planning a major cyberattack on the 2020 Tokyo Olympic and Paralympic Games, which did not go ahead this summer because of the Covid-19 pandemic, according to intelligence collected by the UK’s National Cyber Security Centre (NCSC). The NCSC also disclosed that Russia’s GRU military intelligence service targeted the 2018 Winter Olympic and Paralympic Games in Korea. The NCSC…