A number of multinational technology companies and large social media intermediaries met with the IT ministry to discuss proposed data storage rules in foreign jurisdictions.
According to the Associated Press, these companies have informed the government that the proposed definition of trusted geographies will necessitate significant investments in data storage units. Furthermore, if the government does not periodically update the norms and geographies, these investments are likely to go to waste. The government believes that the list will not specify which countries or territories will allow data storage, but rather which will not.
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A number of multinational technology companies and large social media intermediaries met with the IT ministry to discuss proposed data storage rules in foreign jurisdictions.
According to the Associated Press, these companies have informed the government that the proposed definition of trusted geographies will necessitate significant investments in data storage units. Furthermore, if the government does not periodically update the norms and geographies, these investments are likely to go to waste. The government believes that the list will not specify which countries or territories will allow data storage, but rather which will not.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
