Entries with tag european regulations.

European Commission Still Unsatisfied with Google Anti-Trust Proposal

Google has failed to improve concessions to settle a European Union investigation regarding anti-competitive behavior. Without settling the charges, it faces formal charges and a fine of as much as $5 billion. Google has been under investigation for three years regarding complaints from competitors that it has blocked them in search results. Joaquin Almunia, commissioner for the EU, says Google has a short time in which to submit a satisfactory proposal as its revisions did not allay concerns including how it presented results in specialized or vertical searches. Google had offered several concessions  including allowing competitors to display their logos and making their web links more prominent to users and also decreased the bids for paid advertisements on search results. The European Commission hopes to close the case in spring 2014. (The New York Times @ The Boston Globe)(Reuters)

EU May Be Nearing Antitrust Settlement with Google

The EU and Google may be nearing an agreement in the antitrust case brought against the search giant. EU commissioner for competition Joaquin Almunia said in a speech before the European parliament that a set of commitments that Google recently proposed could result in a legally binding settlement between the parties by the spring of 2014. Without a settlement, Google faces a fine of up to 10 percent of its global revenue, which is about $5 billion. The EU has accused Google of unfair business practices, specifically using its market position to continue dominating the European search market. For example, European officials say Google gives preference to search results involving its own products, such as Google Maps and YouTube. The commission is seeking to end unequal treatment of third-party search engines, as well as advertising restrictions it places on other companies. Google now proposes that its rivals’ results will be prominently displayed with their logo and explanatory text. The page position of competitors’ results within the returned Google search results will be selected via an auction system still under development, which would allow competitors to bit for placement in search results. Google currently has about 90 percent of the European Internet search market. (The Guardian)(Information Week)(European Commission)
 

New European Regulations Require Companies to Disclose Breaches

Under new EU regulations, any ISP or telecommunications provider serving the European market that suffers a security or data breach that leads to theft, loss, or compromise of data must disclose it within 24 hours. They will be required to provide information about the breach’s exact nature and size, and disclose all details about the event within three days. They will also have to disclose the information that was compromised and any steps they took to resolve the matter. For breaches in which personal information or privacy were compromised, ISPs and providers will have to notify customers and the appropriate national data-protection authority. The European Commission said this will clarify existing regulations, ensuring that all customers are getting equal treatment. The commission also intends to give companies incentives for encrypting personal data and, with the European Network and Information Security Agency, plans to publish a list of these possible protections for data. Any company that encrypts personal data that experiences a data breach would be exempt from notifications. (SlashDot)(European Commission)

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