Daily Management Review

EU announces biggest in 20 years legislation revamp for IT giants


To safeguard user information security, the EU has agreed on new standards for transnational IT businesses.

After nearly 16 hours of negotiations, EU parliamentarians have agreed on a new Digital Services Act (DSA) to safeguard users' information security online, reports The Financial Times.

Major IT companies will no longer be able to target adverts to children or utilize personal information like religion, gender, or sexual preferences for targeting purposes under the new laws.

Furthermore, internet platforms will be forced to battle misinformation and propaganda while also reporting to European regulators on a regular basis.

Companies will also be barred from altering user behavior through interface components, such as gaining consents to track data.

According to the Financial Times, the reforms are the most major revamp of legislation controlling IT behemoths in more than two decades.

source: ft.com