big technology News

Apple Appealing Against UK ‘Back Door’ Order, Tribunal Confirms

Apple is appealing against a British government order to create a “back door” to its encrypted cloud storage systems, the Investigatory Powers Tribunal (IPT) confirmed on Monday. The IPT said in a written ruling that it had refused the British …

Apple Ordered by UK to Build Backdoor to Access User Data

The UK government has ordered Apple Inc. to build a backdoor to give it access to global user data, in a move that could spark one of the biggest privacy fights in the iPhone maker’s history. British authorities in an …

Big Tech Braces for Roll-Out of EU’s Digital Services Act

More than a dozen of the world’s biggest tech companies face unprecedented legal scrutiny, as the European Union’s sweeping Digital Services Act (DSA) imposes new rules on content moderation, user privacy and transparency. From Friday, a host of internet giants …

Rethink Needed on How to Regulate Big Tech in Finance Services: BIS Official

A rethink is needed on how to directly regulate activities of Big Tech companies in financial services, given their size and influence, a top official at an international forum for central banks said in Wednesday. Data-rich Big Tech companies such …

EU Mulls New Unit With Antitrust Veterans to Enforce Tech Rules

The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough new rules aimed at reining in the powers of Big Tech, two people familiar with the matter said. Such …

EU Lawmakers Pass Landmark Rules to Rein In Tech Giants, but Enforcement a Concern

EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet unit Google, Amazon, Apple, Facebook and Microsoft, but enforcement could be hampered by regulators’ limited resources. In addition to the rules …

Tech Giants Could Face Billions in Fines Under EU’s New Content Rules

The world’s biggest technology companies could face billions of dollars in fines for breaches of new European Union legislation after lawmakers reached an agreement on its scope early Saturday. The landmark Digital Services Act is the EU’s answer to what …

EU Regulators Call for Action to Catch Up to Potential Systemic Risk of Digital Finance

Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized with “Big Tech” playing an increased role, European Union regulators said on Monday. People are turning to social media and …

Lawmakers Introduce Liability, Competition Bills Targeting Giant Internet Firms

The biggest U.S. tech companies would face new constraints under two bills announced Thursday after a month of revelations from a Facebook Inc. whistle-blower sparked fresh calls to rein in an industry that has largely escaped regulation so far. A …

Tech Giants Are ‘Too Big to Fail’ Because They Host Insurers, Banks on Cloud Platforms

More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they’re not banks. This time it’s the tech giants including …