In an address before European parliamentarians in Brussels yesterday, EU Justice Commissioner Viviane Reding addressed the topic of who pays for data protection. Reding said the costs "are carried by businesses, administrations and citizens--actually by society as a whole." She added that "companies have specific responsibility because data is often their main economic asset" but said that new data protection law "should not unduly punish the industry." Reding outlined five priorities aimed at helping businesses cope with the costs of new data protection standards. "Data protection is both a fundamental right and a guarantee for a well-functioning internal market," Reding said.
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