Exclusive-Deutsche Telekom, Airbus slam plan allowing Big Tech access to EU cloud data [Yahoo! Finance]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
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Source: Yahoo! Finance
By Foo Yun Chee BRUSSELS (Reuters) - Deutsche Telekom, Orange, Airbus and 15 other EU companies have criticised a proposal that would allow Amazon, Alphabet's Google and Microsoft to bid for highly sensitive EU cloud computing contracts. The draft plan from Belgium, which currently holds the rotating European Union presidency, concerns a certification scheme (EUCS) to vouch for the cybersecurity of cloud services and help governments and companies in the bloc to pick a secure and trusted vendor for their business. The proposal scraps so-called sovereignty requirements from a previous draft which obliged U.S. tech giants to set up a joint venture with an EU-based company to store and process customer data in the bloc to qualify for the EU cybersecurity label. The Belgian plan will be discussed by cybersecurity experts from the 27 EU countries on March 15, which could pave the way for the European Commission to adopt the cybersecurity scheme in the northern hemisphere autumn.
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