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Facebook announced it will be rolling out a new global “privacy center” in response to a change in EU law, which will clamp down on how companies collect data. The aim of putting all core privacy settings in one place is to make it easier for users to manage their data.
The EU law, called the General Data Protection Regulation (GDPR), is the biggest change in personal privacy data law since the birth of the internet. It will come into effect in May 2018, aiming to give European users more control over their information and how companies use it.
Industries collecting large amounts of customer data will be affected. Companies found to be in breach of the law will face a maximum penalty of 4 percent of global annual turnover, or €20 million ($24.50 million), whichever is greater.
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- These News Stubs were written by students at De Montfort University, Leicester, U.K., at an event with staff journalists from WikiTribune