Tech giants Google and Facebook to face another millions of dollars in fines by the Federal Government for failing to keep user’s data safe. This might continue to increase if tech companies such as Google and Facebook do not pay attention to user privacy and social media posts.
What happened this time?
As social media platforms like Facebook and Twitter broadcasted footage of New Zealand’s Christchurch massacre, Prime Minister Scott Morrison is said to declare penalties for online giants who breach privacy laws. This will help to safeguard personal information.
When will this new Australian law come into effect?
If Coalition wins the election the new law will be implemented by making changes to the Privacy Act. And with this maximum penalty issued by Australian regulator will be boosted to either $10 million, or 10 percent of annual domestic turnover. Plus, social media and online companies will also be called upon to stop using or releasing individual’s data upon request and face stronger rules on safeguarding information on children and vulnerable groups.
What’s The Penalty Amount?
Based on companies’ 2017 earnings, Google will have to pay a penalty of as high as $102 million and Facebook to face $47 million. This may increase if both Google and Facebook fail to stop spreading of hate speech, fake news and other types of harmful content.
What good does the new law brings for Australians?
With this new approach Australia will come in line with European Union’s privacy law executed last year.
In January, Google was slapped with a record of $80 million by French regulators for failing to provide web users with transparent and understandable information on data use.
What’s the need for such a law in the first place?
Facebook, Google and other tech giants have been punctured with endless controversies over the past one year, but they continue to follow the same practices. This is all because of the fact that these companies are unable to distinguish between information and disinformation. Plus, the content is too much but not enough objectionable content to train AI. Also relying on users to report real time violations isn’t much of a help. The recent incident at Christchurch, NZ made Facebook admit all this and that Facebook Live cannot be controlled, even by the company officials.
In the end, whom should we blame?
We cannot blame social media platforms like Facebook, Twitter, Instagram entirely. It is us who allow them, as we share huge amounts of data that they use to make huge amounts of money. If they don’t play fair, then the only thing that will make a difference is us. We should uninstall the app and refuse to share any of our information with them. If you agree with it let us know.
But these questions still remain unanswered ‘Will these penalties put a stop on Google, Facebook and other tech giants? and Will we continue trusting tech giants for our data safety?
We would like to know what you think about it and what is your call. Please leave us a comment. And if you like this article, please share & subscribe to our posts.
NovVoterMoney is always the driving force, and if fines aren’t enough, maybe jail time would be the next step.