India's limitations regarding the data processing and storageworrying: Meta Platforms tells SEC

winy (62)in Project HOPE • 4 years ago

Greetings members of the community today I will be talking about India's limitations regarding the data processing and storage worrying on meta platforms,

Facebook's parent Meta Platforms has said it is concerned about India's forthcoming privacy law which requires local retention and data processing, the company's submission to the Securities and Exchange Commission (SEC) has been revealed.

IMage source

"Some countries, such as India, are considering or passing legislation using data protection requirements or requiring location and data processing or similar requirements that may increase the cost and difficulty of delivering our services," the company said.

It adds that new rules or regulatory decisions that limit its ability to collect and use information about children may also limit its advertising services or its ability to provide products and services to children in certain areas.

The Parliamentary Joint Committee reading the Data Protection Bill, 2019 submitted its report in December. The report and the draft law submitted by the committee recommended that sensitive personal data continue to be kept in India under Section 33 of the Bill and that its transfer will be allowed outside India only under certain conditions under Section 34.

The EU General Data Protection Regulation (GDPR) imposes similar conditions on data transfer to only those countries that meet ‘data adequacy’ standards, Indian officials argued.
They also say the retention of sensitive personal data within India will support the growth of hyper-scale institutions and a new data-driven economy.

Meta also said it was in control of investigations and cases in Europe, India, and other departments. It spoke directly to the case pending before the Supreme Court of India as well as government questions and cases related to the 2021 review of WhatsApp terms of service and privacy policy. Whatsapp has also challenged the Central Government Act of India which authorizes messaging tracking and will require a Meta-based instant messaging application to violate its final encryption.

it may affect our ability to provide our services, the way we deliver services, or our ability to target ads, which may affect our financial results," he said. Meta.

In addition, the company said the issue was not limited to India and went on to add that it may need to withdraw its prominent Facebook and Instagram platforms from the EU region due to data privacy laws in Europe.

we will probably not be able to tolerate our most important number. Products and services, including Facebook and "Instagram, Europe, which could affect our business, financial situation and the consequences of our operations, "we read.