Tech

EU MPs pass groundbreaking tech rule, but enforcement worries

EU lawmakers gave up their thumbs on Tuesday. Breakthrough rules for controlling tech giants Alphabet unit Companies such as Google, Amazon, Apple, Facebook and Microsoft, but limited resources from regulators may hamper enforcement. From the report: In addition to a rule known as the Digital Markets Act (DMA), lawmakers also approved the Digital Services Act (DSA), which requires online platforms to take more steps to monitor the internet for illegal content. Businesses face fines of up to 10% of annual global sales for DMA violations and 6% for DSA violations. Parliamentarians and EU countries reached a political consensus on both rulebooks earlier this year, with some details to be revised. The European Commission has set up a task force expected to join about 80 officials, but critics say it’s insufficient. Last month, experts put out a bid of 12 million euros ($12.3 million) to help them enforce their investigation and compliance over a four-year period. EU Industry Head Thierry Breton tried to address enforcement issues, saying that several teams would focus on a variety of issues such as risk assessment during rule implementation, interoperability of messenger services and data access.

EU MPs pass groundbreaking tech rule, but enforcement worries

Source link EU MPs pass groundbreaking tech rule, but enforcement worries

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