Everyone got a little paranoid last year when National Security Agency whistleblower Edward Snowden pulled the alarm on U.S. surveillance, especially corporate leaders. That paranoia turned into palpable risk after reports emerged of the National Security Agency tapping the phones of German Chancellor Angela Merkel and executives at Brazilian oil company
Now, European countries have committed to overhauling their archaic data protection standards to mitigate the risks of economic espionage, and plan to include provisions to protect consumer information.
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