The main theme of the Biden op-ed was the setting aside of partisan differences to curb the power of big tech, primarily by limiting the ways in which these firms collect and use personal data.
The decision to scrap the data protection bill came from a parliamentary review process. IT minister Ashwini Vaishnaw has told reporters that work was already underway on a new personal data law, no doubt to the delight of big tech companies.
Digital Services Act would bring new restrictions on how targeted advertising can use sensitive personal information and a requirement that the inner workings of recommender algorithms be visible to the public.
The Digital Markets Act focuses on Big Tech, and its requirements would force message interoperability among other terms that Facebook and similar services are unlikely to be happy about.
While one might think that health care providers are the primary entities that could potentially leak, share, or exploit private patient data, the truth is that the most audacious HIPAA violations are being perpetrated every day by Big Tech.
Privacy rules do for enterprise what enterprise won’t do for itself. Asking Big Tech to take the high road even when it hurts their profits is like asking dental patients to pull their own teeth. As long as policymakers delay robust data regulations, there aren’t any rules for Big Tech to break.
Apple's privacy policy changes have already cost other big tech firms nearly $10 billion in lost ad revenue. Research firm Lotame reports that Snap, Facebook, Twitter, and YouTube have lost a combined $9.85 billion thus far in the third and fourth quarters.
The biggest names in Big Tech are about to be subject to a new investigation. The CFPB wants to look over their handling of payment data, as a means of providing better protections against things like fraud and data breaches.
House Democrats are looking to put reins on Big Tech through legislative means. A proposed $1 billion addition to the $3.5 trillion economic package would go to the FTC for the purposes of establishing a digital division.
New executive order from the Biden administration, containing a broad package of measures from "right to repair" to renewed scrutiny of major mergers, aims to curtail anti-competitive practices among the Big Tech players.
