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The EU is closing in on enacting the DMA, another tech-world altering bill the U.S. and tech will hate.
The European Parliament and the Council of the European Union finally released the compromise text of the “Digital Markets Act” (DMA) and that “ will address a number of societal and economic issues by limiting the market power of big online platforms and to make the digital market safer, fairer and more competitive.” “Gatekeepers” will come under heightened scrutiny with greater responsibility to EU residents and businesses. To be a gatekeeper, a company must offer a “core platform service” that has a significant impact on the EU’s internal market, is an important gateway for businesses to reach people, and holds such an entrenched and durable position at present that it will likely continue to hold in the future. Some of the parts of the digital world that would be subject to the DMA include operating systems, social networks, virtual assistants, online advertising, and other sectors. Gatekeepers would face restrictions on processing personal data and be required to allowed interoperability. The possible categories of gatekeepers encompass virtually the entire digital world, and failures to comply could result in fines of up to 10% for first offenses, and 20% for repeat offenses. And so, for Amazon, a company that reported more than $469 billion in gross revenue for 2021, violations of the DMA could be of a magnitude not yet seen under the General Data Protection Regulation (GDPR.)
The “Digital Markets Act” (DMA) is the first half of an ambitious legislative package that will help the European Union protect its residents and promote competition, or so the legislation’s proponents claim. The second bill, the “Digital Services Act,” was recently agreed upon by the Council of the EU and the EU Parliament. Both packages need to clear further procedural steps at both the Council and Parliament, but the plan at present is to finish work by July.
And, here are developments and articles from last month. Being subscribed would mean getting these in a more timely fashion.
The United States (U.S.) Department of Homeland Security (DHS) announced “the results of its first bug bounty program” and [i]n the first phase of this program, more than 450 vetted security researchers identified 122 vulnerabilities, of which 27 were determined to be critical.”
The Biden Administration published a fact sheet on its “Domestic Counter-Unmanned Aircraft Systems National Action Plan,” through which “the Administration is working to expand where we can protect against nefarious UAS activity, who is authorized to take action, and how it can be accomplished lawfully.”
The United States (U.S.) Department of Homeland Security (DHS) issued a fact sheet on its international cybersecurity efforts, for “[p]rotecting against cyber threats at home also requires collaborating with partners abroad and DHS agencies and offices also play a critical role in enhancing cybersecurity efforts worldwide.”
France’s Commission Nationale Informatique & Libertés (CNIL) announced simplified enforcement procedures that “will enable the CNIL to better act in the face of the increasing number of complaints since the entry into force of the GDPR.”
The United States (U.S.) Consumer Financial Protection Bureau (CFPB) announced “that it is invoking a largely unused legal provision to examine nonbank financial companies that pose risks to consumers” and “Nonbanks do not have a bank, thrift, or credit union charter; many today operate nationally and brand themselves as “fintechs.”
The European Parliament’s Internal Market and Consumer Protection Committee adopted its position on the revised Radio Equipment Directive that would require all manufacturers of small and medium-sized electronic gadgets devices would “to be equipped with a USB Type-C port, regardless of the manufacturer…[and] [e]xemptions would apply only for devices that are too small to have a USB Type-C port, such as smart watches, health trackers, and some sports equipment.”
The National Institute of Standards and Technology’s (NIST) National Cybersecurity Center of Excellence (NCCoE) “released a new preliminary draft publication, Special Publication (SP) 1800-33 Volume B, 5G Cybersecurity: Approach, Architecture, and Security Characteristics.”
Tweet of the Day
“Twitter accepts buyout, giving Elon Musk total control of the company” By Emma Roth and Russell Brandom — The Verge
“U.S. Senate set to confirm Bedoya as FTC commissioner” By Richard Cowan — Reuters
“Amazon CEO says unions are ‘slower and more bureaucratic’ in leaked employee all-hands” By Mitchell Clark and Zoe Schiffer — The Verge
“Elon Musk signals with $46.5 billion he’s serious about buying Twitter” By Faiz Siddiqui, Douglas MacMillan and Aaron Gregg — Washington Post
“Wealthy cybercriminals are using zero-day hacks more than ever” By Patrick Howell O'Neill — MIT Technology Review
“House Republicans demand Twitter’s board preserve all records about Musk’s bid to buy the company” By Lauren Feiner — CNBC
“Obama Says Social Media Falsehoods Spur Skepticism on Politics” By Margi Murphy — Bloomberg
“Amazon Faces New Activism From Pension Funds in New York Over Worker Safety” By Dana Mattioli — Wall Street Journal
“Congress is Close to Cracking Down on Big Tech” By Eric Cortellessa — TIME
“EU Tech Chief Goes Phoneless in Crucial Meetings to Thwart Spies” By Stephanie Bodeni — Bloomberg
“Apple, Amazon, Meta report record Q1 lobbying spending amid antitrust fight” by Karl Evers-Hillstrom — The Hill
“Meta Calls U.K. Tech Watchdog’s Giphy Decision ‘Irrational’” By Katherine Gennell — Bloomberg
“Graphic chip price drop raises questions on whether end of shortage is in sight” By Jane Lanhee Lee, Chavi Mehta and Noel Randewich — Reuters
“The FTC is going after dark patterns. That’s bad news for Amazon Prime.” By Ben Brody — Protocol
“California releases draft maps, plan for statewide broadband network” By Colin Wood — statescoop
“FCC taking a new look at one cause of spectrum squabbles: shoddy receivers” By John Hendel and Oriana Pawlyk — Politico
“European Wind-Energy Sector Hit in Wave of Hacks” By Catherine Stupp — Wall Street Journal
“U.S. hasn’t stopped N. Korean gang from laundering its crypto haul” By Tory Newmyer and Jeremy B. Merrill — Washington Post
“U.S. judge will not block Intuit TurboTax ads that FTC found deceptive” By Jonathan Stempel — Reuters
“Twitter bans climate change propaganda ads as deniers target platforms” By Naomi Nix — Washington Post