Facebook … privacy is great, but have you heard of the money?

Facebook … privacy is great, but have you heard of the money?

Love a company Facebook to continue to remind us Repeatedly They value our individual privacy, but the company has done a very poor job with actual follow-up.Over the past few months, we have seen the company intentionally block any of us from opting out of this type of data mining machine, while later sharing this data by mistake with Thousands of developers, and now it looks like Facebook is trying to turn away from its promises to consumers.

This news comes from (Bloomberg), Which first reported that Facebook was trying to reverse the Irish Data Protection Commission – the de facto national authority responsible for enforcing data protection laws across the European Union.

Earlier this week, the Wall Street Journal reported that these Irish authorities sent Facebook a preliminary order asking the company to stop sending European citizens’ data to the company’s Silicon Valley headquarters or risk paying a billions of dollars in fine.

The order came shortly after the European Union court nullified a long-standing set of rules, known as the Privacy Shield, which aims to ensure that the data of European Union citizens can be safely kept on the servers of American technology companies such as Facebook and Google without getting caught by the federal government. on her.

Without any meaningful alternative, Facebook is left to try to prove to EU regulators that it can be responsible for EU user data.

Vice President for Global Affairs, Nick Clegg said: In a post Earlier this week: “Lack of safe and legal international data transfers will harm the economy and hinder the growth of data-dependent business in the European Union, just as we seek to recover from COVID-19”.

Nick Clegg continued: “Companies large and small will feel the impact across multiple sectors, and in the worst case scenario, this could mean that a small tech startup in Germany will no longer be able to use a US-based cloud service provider. A Spanish product development company can no longer conduct a process across multiple time zones, and a French retailer may find that they can no longer maintain a call center in Morocco.

It’s not uncommon for Facebook to use small businesses as a temporary shield when looking to sidestep some heavy regulations or win support from parties trying to bypass them.

But none of these fictional international companies is not the object of the European Union’s anger right now, and Facebook, even in the best case scenario, has a lot of money to lose, if it does not want to continuously pay a percentage of its revenue in fines, then it must make a good-faith effort to cut off data flows. Transatlantic from about 400 million Facebook users in the European Union.

Since (data) is kind of a spongy term, technically everything from hiring protocols to cloud services has to be changed according to Ireland’s suggestion, and since these types of jobs often run the risk of storing data from the European Union in one of Facebook’s servers.

These same terms can easily be posed to nearly every other major tech company, even if Facebook refuses, and as Facebook has also indicated, this requirement has the potential to turn the trillions of dollars that are expected to pass between the digital markets of the United States and the European Union this year.

Certainly, all of this is the worst-case scenario. Where the Irish data watchdog gave Facebook until (mid-September) to respond to the matter, sources close to the deal told Bloomberg, and once this is done, the commission plans to send a new draft of the matter to 26 other data bodies across the European Union to obtain ( Joint consent) from all parties.

But at the present time, Facebook does not suggest any solutions; It leaves it to the European Union to come up with a legislative answer that fulfills privacy standards while also allowing the company to bring data to its servers in the United States, and as long as it requests it, it acknowledges that it will always pay dividends on privacy.

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