Facebook on Sunday published its user privacy principles for the first time ever, having done so amid significant pressure from the European Union which is coming in the form of the General Data Protection Regulation, a new law that's going into effect on May 25th. The regulation that has already been drafted an approved mandates Internet companies to allow users to access all of their collected data, export it, and delete it at will. Digital firms will also be legally obliged to report any data breaches within 72 hours of becoming aware of them, which is a provision that may have been partially prompted by the hacking attacks Yahoo suffered in recent years, as well as the company's general privacy practices that generated some tensions between Washington and Brussels.
The move is just the latest development in Facebook's effort to prepare itself for GDPR, with the firm announcing a new privacy control center last week, describing it as the ultimate hub for accessing all of one's privacy control settings. The EU's upcoming legislation mandates fines of up to €20 million ($24.81 million) or four percent of the violator's global yearly revenue, whichever is higher.