Source: Stephanie Bodoni, Bloomberg
Facebook Inc. (FB), Google Inc. (GOOG) and Microsoft Corp. (MSFT) may face stricter privacy rules requiring them to let users shift data to competitors in the European Union under proposed changes to a draft law.
People need control over their personal data, according to a report published yesterday recommending amendments to the rules proposed by the Brussels-based European Commission.
Social networks should let users move information “from one platform to another” and obtain details of what data companies hold on them, free of charge, said Jan Philipp Albrecht, a German Green Party politician leading the effort in the European Parliament.
EU data-protection watchdogs for the first time would be empowered to fine companies as much as 2 percent of yearly global sales for “intentionally or negligently” violating the rules under the commission proposal. Google, Facebook and other Internet companies have faced investigations by regulators around the world as authorities grapple with how to better police corporate use of personal data.
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