Tech

Europe doubles data protection and avoids China’s influential Silicon Valley

The European Union wants to manage its own data as part of a broader effort to deprive large US and Chinese companies of digital influence.

EU authorities announced on Wednesday that they would create an EU-wide data market to facilitate the sharing of industrial and government information, provided that data is protected in accordance with European standards under the supervision of Block’s regulators. Proposed a new law for the purpose.

Europe has long enforced strict rules on the use and export of personal information in Europe, but this is the first time Brock has tried to do the same for industrial and government data. This is part of what the authorities call play for data sovereignty.

The data of interest includes administrative information such as medical records and census results. Industrial data is booming as more factories are connected to the internet and companies mine “big data” for insight and competitive advantage, especially through the new 5G network. This is the field you are in. Exclusive information such as blueprints, patented processes, and market research are increasingly targeted for hacking and theft. EU officials say businesses and governments will share more data if protection is guaranteed.

One provision of the new law forces companies that process certain government information to protect the information from certain types of foreign government demands. Data subject to law may be exported abroad, but companies need to ensure that they are processed with the same protection that is required within Europe. Authorities do not exclude future regulations that restrict some exports in certain sensitive sectors.

Europe doubles data protection and avoids China’s influential Silicon Valley

Source link Europe doubles data protection and avoids China’s influential Silicon Valley

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