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Pompeo said the Trump administration would push for free flow of data across borders, not just to help U.S. companies but also to secure consumers’ privacy. Ho
by gopkarthik 7y ago
Pompeo said the Trump administration would push for free flow of data across borders, not just to help U.S. companies but also to secure consumers’ privacy.
How does 'free flow of data across borders' help secure consumers' privacy?
Setting caps on H1Bs is the US governments prerogative though this will have adverse impact on US-India relationship.
- NTDF9 7y ago> How does 'free flow of data across borders' help secure consumers' privacy? This is not about consumer privacy. This is about corporate profit. Visa, Mastercard and other US banks want to maintain fewer datacenters around the world. They already have them in the US (because US law) and they possibly also feed that data to US govt. With such localization laws, US corporations are having to invest in other countries. They are lobbying to bully other countries for profit and this administration is ready to support profits at any cost.
- paxys 7y agoMaintaining foreign data centers isn't really an issue for large companies. All cloud providers already support various data residency and compliance requirements. Companies are happy to follow these laws if it means more business for them. It is the US government which has a problem because it wants direct access to data from foreign countries & corporations. In fact Microsoft was involved in a very long legal battle with them over it - https://en.wikipedia.org/wiki/Microsoft_Corp._v._United_States https://en.wikipedia.org/wiki/Microsoft_Corp._v._United_Stat....
- wtmt 7y agoIn this context, let me mention one point. India does not yet have a data privacy law (it relies on some interpretations of the IT Act). So people's data may be better protected by laws in other countries that have such laws (regardless of how comprehensive they are) than if the data were to reside in India. The co-founder of Paytm (the CEO's brother) has been caught on video saying that it can provide all its customers' information in exchange for money. Oyo Rooms decided to funnel all hotel guest information to local police directly regardless of whether there was a crime or not and if the police requested for some data or not. There are many such instances where data privacy is not valued at all.
- gopkarthik 7y agoYes, I agree that India sorely needs comprehensive data protection laws. IIRC the IT rules act only concerns with sensitive personal information which includes bank accounts/cards. Though I'm not sure if individual transactions are covered under this. Given that MasterCard & Visa are only intermediary's between Indian companies and banks, Indian companies(PayTM, PayU, CCAvenue) already have access to all available data as the one who've initiated the transaction. In fact MasterCard/Visa processing the data outside the US actually increases the exposure of data and no amount of US data protection laws will help.