Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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EU unveils ‘revolutionary’ laws to curb big tech firms’ power (www.theguardian.com)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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Haven't seen any posts about this and it's a pretty big thing. From DMA website:

Examples of the “do’s”: gatekeepers will for example have to:

allow third parties to inter-operate with the gatekeeper’s own services in certain specific situations;
provide companies advertising on their platform with the tools and information necessary for advertisers and publishers to carry out their own independent verification of their advertisements hosted by the gatekeeper;
allow their business users to promote their offer and conclude contracts with their customers outside the gatekeeper’s platform.

Example of the “don'ts”: gatekeepers will for example no longer:

treat services and products offered by the gatekeeper itself more favourably in ranking than similar services or products offered by third parties on the gatekeeper's platform;
prevent users from un-installing any pre-installed software or app if they wish so;
track end users outside of the gatekeepers' core platform service for the purpose of targeted advertising, without effective consent having been granted.

We'll see how this plays out but this is first move in a very long time that could open up platform like WhatsApp to 3rd party clients and force Google and Apple to open their mobile OSes to other apps. Maybe we'll see stock Android without play services? One can dream...

P.S. https://digital-markets-act-cases.ec.europa.eu - page about the legislation

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[–] [email protected] 4 points 1 year ago (1 children)

Big tech companies will be barred from monetising information about phone users, prohibiting them from using the data they collect from apps on a phone to build up a detailed picture of individual consumer behaviours for advertisers.

Does anyone know if this also applies to banks that monetize from your purchase and transaction history and sell your profile to advertisers?

Or do banks have the EU by the balls in a way that tech companies don't?

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

So much confusion about this... But I understand, it is confusing.

GDPR was about privacy and does apply to banks. Banks can't gather or process personal data without consent: https://americandeposits.com/gdpr-affect-bank/

This new regulation is specifically about Big Tech. It regulates companies that control significant parts of market and block smaller companies from entering it. This has nothing to do with banks.