🚀 ProPicks AI Hits +34.9% Return!Read Now

Microsoft updates terms on data privacy amid EU probe

Published 11/18/2019, 12:04 AM
Updated 11/18/2019, 12:06 AM
Microsoft updates terms on data privacy amid EU probe
MSFT
-

BRUSSELS (Reuters) - Microsoft (NASDAQ:MSFT) said on Monday it was updating the privacy provisions of its commercial cloud contracts after European regulators found its deals with European Union institutions failed to protect data in line with EU law.

The EDPS, the EU's data watchdog, opened an investigation in April to assess whether Microsoft's contracts with the European Commission and other EU institutions met data protection rules. It raised concerns about compliance in October.

In a statement on its website addressing the issue, Microsoft said: "We will increase our data protection responsibilities for a subset of processing that Microsoft engages in when we provide enterprise services."

The company, the only major cloud provider to offer such terms in the European Economic Area and beyond, expects to offer the new provisions to public sector and enterprise customers in early 2020.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.