European Union rolls out tough new privacy legislation

The video discusses new privacy legislation imposing fines of €20 million or 4% of global turnover for violations, affecting various sectors like social media and banking. Companies must be transparent about data handling, obtain user consent, and allow data deletion or transfer. The law may increase cyber threats, as noted by US Homeland Security Secretary Kirstjen Nielsen, due to potential impacts on internet security research.

What is the minimum fine for companies violating the new privacy legislation?

• €40 million

• €30 million

• €20 million

• €10 million

Which of the following types of companies are affected by the new privacy law?

• Agricultural businesses

• Construction firms

• Social media companies

• Retail stores

What must companies do under the new privacy law regarding user data?

• Ignore user requests

• Sell user data

• Be transparent and get user permission

• Store data indefinitely

What power does the new law give to users concerning their data?

• Request data to be deleted or moved

• Request data to be sold

• Request data to be encrypted

• Request data to be shared with third parties

What concern did US Homeland Security Secretary Kirstjen Nielsen express about the new law?

• It will increase data storage costs

• It will reduce internet speed

• It may lead to more cyber threats

• It will increase user data sales