Irish privacy watchdog refers Facebook’s U.S. data transfers to EU court

Brussels / DUBLIN (Reuters) -. Data transfer to the US by companies such as Facebook and Google to face a renewed legal threat after the Irish priv...

 

Irish privacy watchdog refers Facebook's U.S. data transfers to EU court

Brussels / DUBLIN (Reuters) -. Data transfer to the US by companies such as Facebook and Google to face a renewed legal threat after the Irish privacy watchdog said yesterday that Facebook will pay the data transfer mechanisms to the top EU court

The following step an Irish investigation of Facebook users EU transfer of data to the United States to ensure that properly protect privacy against surveillance US government.

Facebook, like many other technology companies, has its European headquarters in Dublin and is regulated by the Irish Data Protection Commissioner (IDPC).

The IDPC said they will ask the Court of Justice of the European Union (CJEU) to determine the validity of Facebook’s “model contracts”. – General legal regulations that are used by thousands of companies to transfer personal data outside the 28-nation EU

The investigation into the California-based company is provided by the Irish High Court in October to the CJEU affected Safe Harbor , an EU-US agreement that has allowed the free transfer of information between the European Union and the United States. The CJEU decided the agreement does not protect enough information Europeans against US supervision.

The transfer of Europeans to the United States has been a hot topic since 2013 revelations about mass US surveillance programs like PRISM, which US authorities private information directly from a large technology companies like Apple harvest, Facebook and Google .

new agreement

Since the CJEU ruling, companies had to rely on model contracts and other more cumbersome steps to transfer data Europeans to the United States in accordance with strict EU rules data privacy .

“Thousands of companies to transfer data across borders to serve their customers and users,” said a spokesman for Facebook. “Demand Irish DPC plan to gather with the judge in connection with standard contractual clauses will be many companies that are involved in Europe,” she said, adding that Facebook has a number of legal ways of data to the United States.

The CJEU decision in October stemmed from a complaint by Austrian regstudent and privacy activist Max Schrems. He questioned the data of European users to transfer its US servers of Facebook, with regard to the risks of American espionage.

“We have yesterday informed Mr. Schrems and Facebook our intention explanatory relief looking Ina Irish Supreme Court and a reference to the CJEU to determine Thea legala status transfers data under standard contractual clauses,” the IDPC.

One of the reasons why the ECJ struck Safe Haven is because the agreement, EU citizens provides enough channels to complain about American surveillance.

Schrems and other privacy campaign claims that alternative arrangements such model clauses Europeans either do not offer a means of correction.

“There is no way that the CJEU can say that model contracts are valid if they Safe Harbor killed on the basis of the existence of the US surveillance laws,” Schrems said in a statement.

After the CJEU decision in October, the EU Commission and the United States rushed to hash out a new data-sharing agreement, the privacy shield, which they hope as soon as possible by the end-June.

But EU privacy watchdogs have raised some concerns about the course, raises the fear that it can not withstand a court challenge.

“If the court decides that the standard contractual provision can not be trusted and that the transfer of personal information they need to facilitate stopped, the impact on the international business will be catastrophic,” said Oliver Yaros, an attorney Mayer Brown.

(Editing by Susan Fenton and David Clarke)

First Data shares could rise more than 70 percent: Barron’s

 

First Data shares could rise more than 70 percent: Barron's

The payments processor, who have seen shares fall 20 percent since the IPO in 2015, making progress strengthening the balance sheet and the recovery of its business, Barron’s said.

Under Chief Executive Officer Frank Bisignano, First Data has improved its technology, pay off debts and creditors to postpone to 2021 $ 5 billion in debt payments that were payable in 2018. Improved technology and his sales technique aid First Data needs to generate more revenue, Barron’s said.

First Dates are betting on a new platform called Clover helping to manage small businesses payments easier. The product is intended to increase customer loyalty.

First Data’s shares at about $ 11 trading eight times estimated 2016 earnings that are less than half the level of a number of competitors, added Barron’s.

(Reporting by Olivia Oran; Editing by Chris Reese)

LinkedIn invalidates millions of potentially compromised passwords

 

LinkedIn invalidates millions of potentially compromised passwords

LinkedIn said in a statement it is working to passwords of about 100 million accounts invalid after it “became aware of an additional set of data only released claiming that his emails and hashed password combinations from over 100 million LinkedIn members of the same theft in 2012. “

it is said that the” take immediate steps to invalidate struck the passwords of the accounts, and we will contact your members to recover their passwords. We do not any indication that as a result of a new security breach. “

stolen more than 6 million member passwords when LinkedIn was also seriously injured in 2012.

(reporting by Amy Tennery)

Facebook exec Sandberg urges graduates to build resilience

 

Facebook exec Sandberg urges graduates to build resilience

Berkeley, California. (AP) â ?? “Facebook Chief Operating Officer Sheryl Sandberg encouraged graduating seniors at the University of California, Berkeley to persevere in difficult times, speaking publicly for the first time about her husband’s death during a commencement speech.

Sandberg whose husband, Dave Goldberg, died in a treadmill accident while in Mexico vacation last year, she said, is “swallowed up in the deep fog of sadness.”

“death Dave’s change me into a very serious ways, “has its 4700 graduating seniors.” I learned about the depths of sorrow and brutality of loss. But I also learned that when life suck you under, you can kick the bottom, breaking the surface and breathe again. “

Loss her husband helped her find deeper gratitude for the grace of her friends, the love of her family and the laughter of her children. They realize that in the face of a challenge, can ‘you choose joy and meaning, Sandberg to the public.

“it is the greatest irony of my life lost my husband helped me find deeper gratitude,” she said.

Sandberg encouraged UC Berkeley’s 2016 graduate class to build resilience in themselves, their workplaces and their communities. “When coming challenges, I hope you have some embedded deep within you is the ability to learn and grow,” she said.

Google says ‘no’ to payday lender ads

 

Google says 'no' to payday lender ads

(Reuters) -. Google, a unit of Alphabet Inc., said it would prohibit advertisements for payday loans because it is “deceptive and harmful financial products” to vulnerable customers

Google, which Facebook connect Inc. in concluding advertising by payday lenders, announced his decision presented a day after the US Treasury that online lenders supports greater transparency in their transactions.

payday lenders that small loans at high interest rates that must be followed to provide repaid within a short period of time, came under criticism as lenders often fails to pay the loan or tendency refinance them to increase their debt.

“Research has shown these loans can lead to priceless payment defaults and high for users,” said David Graff, director of global product policy at Google, said yesterday in a Google blog. (Http://bit.ly/1qe5nMP)

Shares in online lender Enova International Inc. has 6.2 percent on Wednesday, while the World Acceptance Corp was en 3 percent.

“It is disappointing that a website created to help give users full access to information that arbitrary choices on the ads users are allowed to see the legitimate enterprises,” Kirk Chartier, Enova chief marketing said in a statement.

He added that Enova significant impact on its business from Google’s decision is not expected.

The company will advertise loans where repayment due prohibited within 60 days from the date of issue. In the United States, the company will also advertisements for loans with annual percentage rates (APRS) of 36 percent or more prohibited

Federal policy makers and regulators in the past discussed and rejected the idea of ​​limiting the APRS. – Whether annual interest rates on loans – 36 percent. Some states, including New Hampshire and Montana, has done so at the local level, but according to the Consumer Federation of America.

“To an ad rule that not only make disturbing violated state and federal law, but it is discriminatory,” Lisa McGreevy, CEO of Online Borrowers Alliance, told Reuters.

“a certain class of people who would otherwise not regular credit eligibility now can get credit … It is their (Google) decide who can and can not credit information.”

Ads that appear on the top and right side of a Google search results will not display more marketing of the payday lending industry started 13th July.