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Stock impact report

Australia plans law for tech firms to hand over encrypted private data [Reuters (UK)]

Alphabet Inc. - Class C Capital Stock (GOOG) 
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Company Research Source: Reuters
Australia plans law for tech firms to hand over encrypted private data | Reuters 3 Min Read SYDNEY (Reuters) - Australia on Tuesday proposed a new law requiring technology firms such as Alphabet Inc’s Google, Facebook and Apple to give police access to private encrypted data linked to suspected illegal activities. The measure, which targets platforms the Australian government says could be used for criminal activities or to plan a terror attack, would require police to get a court warrant to access the encrypted data. It sets fines of up to A$10 million ($7.3 million) for institutions that do not comply, and jail time for individuals, but has yet to be presented in parliament and it was not clear when it could become law. The measure will pull Australia’s security laws in line with new technology, said Angus Taylor, the minister for law enforcement and cybersecurity. “Our legislation for telecommunication intercepts, being able to access data, in order to investigate and prosecute cri Show less Read more
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