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The EU burned with the IT giants rules for the transfer of personal data

Individuals and companies in the EU will receive greater safeguards for their personal data
(photo: CC0 Public Domain)

The European Parliament and representatives of EU member states reached an agreement on regulations governing the transfer of personal and corporate data outside the EU by tech giants and other companies, as well as guarantees that authorities in non-EU countries cannot access it.

Last year, the European Commission proposed a draft Data Act. The document describes the principles for regulating the circulation of data generated by smart devices, cars and consumer appliances. The law is part of a package aimed at curbing the powers of US tech giants.

The EU’s concern over the issue intensified in 2013, when former US intelligence officer Edward Snowden leaked data about the US government’s mass surveillance program, Reuters recalls.

According to the bill, individuals and companies will be able to manage their data generated by smart devices and machines – copy or transfer it between platforms. Users and companies get the right to determine what is allowed to be done with this information.

The draft law simplifies the process of switching to other providers of data processing services, introduces measures to protect against the illegal transfer of data by providers and provides for the development of standards for interoperability in their use by different entities.

European manufacturers are reminded of the need to limit the transfer of data to third parties as part of after-sales service programs for equipment. Siemens and SAP have expressed concerns that there could be a leak of data related to trade secrets.

This aspect is also reflected in the bill: data owners can refuse requests in exceptional circumstances if their transfer could lead to “serious and irreparable economic losses” and undermine the economic viability of subjects.

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