European Union’s General Data Protection Regulation, requiring companies to make available customers’ uploaded data in universal format, can benefit U.S. internet users

Briefing

European Union's General Data Protection Regulation, requiring companies to make available customers' uploaded data in universal format, can benefit U.S. internet users

August 4, 2017

Briefing
  • General Data Protection Regulation – European Union's privacy policy, which takes effect in May 2018, requires companies to allow users to get back uploaded data in structured, commonly used, and machine-readable format, as well as delete old data upon request
  • Levels Competition among Social Networks – Prevents companies from monopolizing user data and mandates them to make data accessible and downloadable, forcing companies to re-evaluate existing privacy and data usage policies, and adopt consumer-centered practices
  • Relevance to U.S.-Based Services – Applies to any company dealing with data of EU residents, and could lead to adaptation in U.S. services
  • Companies' Data Portability Efforts – Google, Facebook, Twitter, and Flick adopted policies that allow users to download their data
  • Violation Fine – Amounts to €20 million ($24.7 million) or 4% of company’s worldwide annual revenue

Accelerator
Cybersecurity

Market Disruption
Privacy and Security

Sector
Government (excluding military), Information Technology

Organization
European Union, Facebook Inc., Google Inc., Twitter Inc., Yahoo! Inc.

Source

Original Publication Date
August 3, 2017

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