EU Losing Patience With Web's 'Wild West' Privacy Practices

"EU officials warned social networking and search engine sites such as Facebook More about Facebook and Google (Nasdaq: GOOG) More about Google on Monday to better protect consumer rights amid growing concern that users are being lured to hand over too much personal data.

"Meglena Kuneva, the European Union's commissioner in charge of consumer rights, is to issue "a clear signal" to Internet site operators to work with regulators to better protect users when she meets with them later this week, her spokesperson Helen Kearns said.

"Kearns said that while the EU favored self regulation by the industry, it could be forced to step in and draft new rules if widespread abuses occur."

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