4 ms·
Does European law even allow banking data to be outside of Europe?
by nodata 15y ago
Does European law even allow banking data to be outside of Europe?
- kahawe 15y agoSeeing how that worked out with European flights passenger data, I am surprised there is no discussion of making European banking data being stored outside of Europe somehow mandatory - to prevent terrorism and all that good stuff.
- dlib 15y agoThere was a good deal of discussion around storing European banking data in the US by the SWIFT network. The anti-terrorism legislation passed in the US which in effect meant that European banking customer data was accessible to the US. This was in violation of EU privacy laws.
- ge0rg 15y agoThis was in violation of EU privacy laws. Wich did not prevent the "information exchange". Anti-Terrorism beats any other legal arguments.
- omarkj_ 15y agoAccording to the article no customer data will be stored at Google's datacenters.
- pors 15y agoYeah this is only about office software.
- pandaassembly 15y agoAnd since in the article it says "its not about costs", its for sure about cost ;-)
- Eurofooty 15y agoGoogle will probably be bank rolling a significant % of the transition project.
- jnorthrop 15y agoIt's hard to imagine an environment where users are using spreadsheets, documents and email on Google's servers and not leaking some customer data into those tools.
- icebraining 15y agoGoogle has multiple datacenters in Europe.
- deleted 15y ago[deleted]