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> How does 'free flow of data across borders' help secure consumers' privacy? This is not about consumer privacy. This is about corporate profit. Visa, Masterc
by 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....