Commission Official Wary Over MEP’s Fraud Plans

A European Commission official has taken issue with proposals to subject firms to fraud notification rules reminiscent of data breach reporting requirements, part of incoming reforms around non-cash payments.

A proposal for a new directive on combating fraud and counterfeiting of non-cash means of payment was adopted by the European Council earlier this month, and was formally introduced in the European Parliament on Tuesday morning.

That served as an opportunity for German MEP and rapporteur Sylvia-Yvonne Kaufmann to suggest potential amendments — one of which caught the ire of a visiting commission representative.

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