EU outlines plans to regulate tech giants – security


EU countries agreed on a common position on Thursday on new rules to curb the power of US tech giants and force them to do more to monitor their platforms for illegal content.

However, they have to clarify the final details with the EU legislature, which has proposed tougher rules and higher fines.

Frustrated by the slow pace of antitrust investigations, EU competition boss Margrethe Vestager has proposed two sets of rules, known as the Digital Markets Act and Digital Services Act, which target Amazon, Apple, the alphabet unit Google and Facebook.

The DMA has a list of dos and don’ts for online gatekeepers – companies that control data and access to their platforms – compounded by fines of up to 10 percent of global sales.

The Digital Services Act (DSA) is forcing tech giants to do more against illegal content on their platforms, with fines of up to six percent of global sales for non-compliance.

The common position adopted by EU countries follows the main …

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