financetom
Technology
financetom
/
Technology
/
EU drops sovereignty requirements in cybersecurity certification scheme, document shows
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EU drops sovereignty requirements in cybersecurity certification scheme, document shows
Apr 3, 2024 11:50 AM

BRUSSELS (Reuters) - Amazon ( AMZN ), Alphabet's Google and Microsoft ( MSFT ) may find it easier to bid for EU cloud computing contracts after draft cybersecurity labelling rules scrapped a requirement that vendors should be independent from non-EU laws, according to the document seen by Reuters.

The European Union has struggled to agree to a cybersecurity certification scheme (EUCS) to vouch for the cybersecurity of cloud services and help governments and companies in the bloc to select a secure and trusted vendor for their business.

The move comes as Big Tech looks to the lucrative government cloud market to spur growth. The EU on the other hand fears illegal state surveillance while some governments worry that the dominance of U.S. cloud providers may inhibit nascent EU rivals.

One draft circulated to EU governments last year required U.S. tech giants to set up a joint venture with an EU-based company and store and process customer data in the bloc to qualify for the EU cybersecurity label.

Such so-called sovereignty requirements sparked criticism from European banks, clearing houses, insurance groups and some startups which said technical provisions rather than political and sovereignty obligations should prevail.

The latest draft dated March 22 removed such requirements, with cloud vendors only obliged to provide information about the location of the storage and processing of their customers' data and about applicable laws.

EU countries are now reviewing the tweaked draft after which the European Commission will adopt a final scheme. The EU executive did not respond to a request for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Vehicle software supplier Applied Intuition raises $250 mln at $6 bln valuation
Vehicle software supplier Applied Intuition raises $250 mln at $6 bln valuation
Mar 12, 2024
March 12 (Reuters) - U.S.-based vehicle software supplier Applied Intuition has raised $250 million in its latest Series E funding round, valuing it at $6 billion, the company said in a statement on Tuesday. The financing was led by Bilal Zuberi, general partner at Lux Capital, angel investor Elad Gil, and Porsche Investments Management, the sports car manufacturer's independent subsidiary,...
Intel survived bid to halt millions in sales to China's Huawei, sources say
Intel survived bid to halt millions in sales to China's Huawei, sources say
Mar 12, 2024
WASHINGTON (Reuters) - Intel ( INTC ) has survived an effort to halt hundreds of millions of dollars' worth of chip sales to Huawei, two people familiar with the matter said, giving one of the world's largest chipmakers more time to sell to the heavily sanctioned Chinese telecoms company. U.S. President Joe Biden has long been under pressure to revoke...
FOCUS-Intel survived bid to halt millions in sales to China's Huawei, sources say
FOCUS-Intel survived bid to halt millions in sales to China's Huawei, sources say
Mar 12, 2024
WASHINGTON, March 12 (Reuters) - Intel ( INTC ) has survived an effort to halt hundreds of millions of dollars' worth of chip sales to Huawei, two people familiar with the matter said, giving one of the world's largest chipmakers more time to sell to the heavily sanctioned Chinese telecoms company. U.S. President Joe Biden has long been under pressure...
600 Activision QA Workers Vote To Form Largest US Video Game Worker Union Yet
600 Activision QA Workers Vote To Form Largest US Video Game Worker Union Yet
Mar 11, 2024
Around 600 quality assurance (QA) workers employed by Activision under Microsoft Corp. ( MSFT ) have successfully formed a union named Activision Quality Assurance United (AQAU) with the support of the Communications Workers of America (CWA). This marks the first unionization effort within Activision since its acquisition by Microsoft ( MSFT ) and stands as the largest video game worker...
Copyright 2023-2026 - www.financetom.com All Rights Reserved