What Europe’s Tough New Data Law Means
for You, and the Internet
LONDON — In a couple of weeks, Europe will introduce some of the toughest online privacy rules in the world. The changes are aimed at giving internet users more control over what’s collected and shared about them, and they punish companies that don’t comply.
Here’s what it means for you.
What Are the New Rules?
On May 25, a new law called the General Data Protection Regulation goes into effect across the European Union. The law strengthens individual privacy rights and, more important, it has teeth. Companies can be fined up to 4 percent of global revenue — equivalent to about $1.6 billion for Facebook. The internet’s grand bargain has long been trading privacy for convenience. Businesses offer free services like email, entertainment and search, and in return they collect data and sell advertising. But recent privacy scandals involving Facebook and the political consulting firm Cambridge Analytica highlight the downsides of that trade-off. The system is opaque and ripe for abuse.
Europe is attempting to push back.
It’s too early to know how effective the law will be, but it is being closely watched by governments globally.
What Are Your Rights?
Even if you don’t notice big changes, the new law provides important privacy rights worth knowing about.
For instance, you can ask companies what information they hold about you, and then request that it be deleted. This applies not just to tech companies, but also to banks, retailers, grocery stores or any other organization storing your information. You can even ask your employer.
And if you suspect your information is being misused or collected unnecessarily, you can complain to your national data protection regulator, which must investigate.
Of course, an individual going up against a giant corporation like Google or Facebook isn’t in a fair fight. The law has 11 chapters and 99 sub-articles, and just initiating a case can take as many as 20 steps, according to the International Association of Privacy Professionals, an industry trade group.
Read More
By ADAM SATARIANO
The New York Times
MAY 6, 2018
FROM THE WEB
Airlines to launch payments system to rival
credit card groups
Financial Times
May 5, 2018
Instagram quietly launches payments for commerce
Techcrunch
May 3, 2018
Mastercard Profit Boosted by Card
Customers Traveling Abroad
Bloomberg
May 2, 2018, 9:18 PM
Splitit Launches Installment Payment
Solution for Debit Cards
prnewswire
May 03, 2018, 09:00 ET
Zomato raises $200 million from Ant Financials
livemint
Feb 02 2018. 05 50 PM IST
How WeChat came to rule China.
The Verge
Feb 1, 2018, 10:43am EST
FROM THE TUBE
Technology insights from Day 2
NRF Expo 2018 | Retail Assist Vlog
Retail Assist
Published on Jan 17, 2018
Technology insights from NRF Expo 2018 |
Retail Assist Vlog
Retail Assist
Published on Jan 16, 2018
NRF 2018: Fireside Chat with
PaymentSource’s Daniel Wolfe
Verifone
Published on Jan 25, 2018
NRF 2018: Verifone Fireside Chat with
Alipay’s Souheil Badran
Verifone
Published on Jan 25, 2018
First Impressions of Amazon’s Cashier-Less
Convenience Store
Bloomberg Technology
Published on Jan 22, 2018
Music Break | Can’t Judge a Book
featuring SZA
Mastercard
Published on Jan 22, 2018