Europeans should control their B2B data, says EU commissioner

Europeans should control their B2B data, says EU commissioner

The United States and China are the world’s leaders in harvesting and exploiting personal data and the European Union must make sure the same thing does not happen when it comes to business-to-business data, the new EU commissioner for the internal market said.

Thierry Breton did not give details on how this might be achieved in an interview with the financial daily Les Echos published on Tuesday. But his remarks after one month in the job shed light on the direction he wants to pursue.

“It is true that for the current generation of services based on personal data, the United States and China are ahead of Europe,” Breton said.

He said platforms in those markets had benefited from huge internal markets while hovering up data from elsewhere by means that were now being scrutinised.

“Let us focus on the second phase which is beginning now, that of B-to-B (business-to-business) and do so with a clear principle in mind: that European should be the owners of their data, and this data should be handled in Europe.”

The EU’s General Data Protection Regulation (GDPR) which took effect in May 2018 is designed to protect the privacy rights of EU individuals but also applies to all companies processing or controlling the personal information of EU residents, regardless of where those firms are located.

Source: Reuters 7 January, Paris

Reporting: Richard Lough

Copyright Lyonsdown Limited 2021

Top Articles

RockYou2021 data leak: 8.4 billion passwords compromised

A report shows that 100GB of data which includes 8.4 billion passwords have been recently leaked on the internet, people are being encouraged to secure their accounts.

Hackers Breach Electronic Arts & Steal Game Code

Electronic Arts, one of the world's biggest video game publishers including games such as FIFA, Madden, Sims and Medal of Honor, are the latest company to be hacked.

JBS Foods paid £7.7m in ransom to REvil ransomware gang

JBS Foods, the world’s largest processor of beef and poultry products, has admitted to paying a ransom of $11 million to cyber criminals, a week after it announced that operations…

Related Articles

[s2Member-Login login_redirect=”https://www.teiss.co.uk” /]