The new legislation gives both individuals and businesses more control over their data. Read more at straitstimes.com.
BRUSSELS - European Union countries and lawmakers have agreed on rules that govern how Big Tech and other companies use European consumer and corporate data, with safeguards against non-EU governments gaining illegal access.
The new legislation gives both individuals and businesses more control over their data generated through smart objects, machines and devices, allowing them to copy or transfer data easily from across different services. Manufacturers watered down an attempt to force them to share data with third parties to provide aftermarket or other data-driven services. Siemens and SAP had voiced fears about trade secret-related data leaks.
“The EU institutions have given too much flexibility to companies who can now prevent consumers from sharing data with other service providers on the basis it constitutes a trade secret, for example,” said BEUC Deputy Director General Ursula Pachl.
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