Tech World: Qualcomm’s mammoth $1.2bn fine, SoftBank’s latest investment and more

Welcome to Tech World, your quick roundup
of some of the top technology news stories from across the globe. This month, we bring you the latest on Qualcomm’s
mammoth $1.2bn fine, SoftBank’s latest tech investment and more. For this episode’s Hot Topic interview,
we spoke to Pragasen Morgan from EY about the upcoming GDPR. First though, here are your top international
stories. Qualcomm, the world’s biggest producer of
mobile phone chips, has been handed a mammoth $1.2bm fine by the EU after paying Apple
to use its product. The EU’s Competition Commission said Qualcomm had “prevented rivals from competing in the market”. The chip maker is looking
to appeal the fine, after saying in a statement that it strongly disagreed with the decision. Japanese conglomerate SoftBank has backed
used car marketplace AUTO1 Group to the tune of €460m. The investment, of which approximately half
will be made through the issue of new shares, values the Berlin-based company at €2.9bn. AUTO1 Group will use the cash to support its
continued growth and to expand overseas. Google CEO Sundar Pichai discussed the tech
giant’s investment plans in France in a blog post this month. First, Google will be expanding its office
in Paris – acquiring or renting other buildings around its current space and connecting them. The move will see the tech behemoth take up
an additional 6,000 sq metres of office space to house 1,000 employees in the French capital. Perhaps most significantly, though, Google
also said it was going to create a new AI research facility. The firm will also create Google Hubs with
local partners around France, starting with Rennes and with three other locations due to be announced soon. Over in the US, Facebook is reportedly buying
Boston-based software company Confirm, specliased in authenticating government-issued ID cards. A source close to the acquisition told Reuters
that Confirm, which claims to have 750 clients, will begin winding down its operations and
its employees will join Facebook in Boston. The terms of the acquisition have not yet
been disclosed and it’s not known how the tech giant is looking to apply the company’s
technology. What we do know, though, is that Facebook
has previously said it would boost its plans to verify the identities of people who purchase
election-related ads on its network. That’s it for our top global tech news roundup,
but keep watching to see this episode’s Hot Topics interview. We spoke with Pragasen Morgan from EY about GDPR. Hi Pragasen, thank you very much for joining
us. So, you’re here to talk to us about GDPR. What exactly is it? So, GDPR stands for the ‘General Data Protection
Regulation’, and it is a regulation that is European Union-wide. The main focus of the legislation is on you
and me, actually, it’s about the individual, so protecting individual rights. Most importantly, with the rise of the way
in which data has been shared in organisations and the rise of multinationals being able
to use those pieces of data in any way, shape or form, this legislation is here to protect
the individual in such a way that you have to give consent for that information to be
used, so to be collected, to be stored and then to be processed. So, fundamentally, this is the biggest shake-up
in the marketplace on legislation over IT, over data and that legislation is called General
Data Protection Regulation. It comes into play on the 25th of May 2018
and businesses have had two years to get ready for this. The legislation has been hanging about for
the last two years. So, what exactly are the implications for
businesses here in the UK? So, I think there’s a number of things businesses
would need to consider. The first of that is that this is a shake-up
of the market in relation to legislation. So, most importantly, the organisation needs
to be really clear about the data that it collects about individuals and this legislation
is focused around living individuals. It needs to make sure that there’s good corporate
governance around that: the way they collect it, the way they process it, the way they
store and then the way they transfer it to third parties. So, making sure that they have controls around
that. The second thing is they need to be very clear
about risk and risk management around that data. So most importantly, is what are the risks
when I collect the data? What are the risks when I process the data
and what are the risks if I transfer the data outside of the European Union, for example? So, whilst the legislation is focused around
covering the European Union citizens, most importantly, organisation have to really take
ownership over control of that information and the data that they collect and the burden
is on them to protect that information. So, in terms of all the prevalence of data
that we have at the moment, how can businesses prepare in terms of recruiting the right people
into their business? Because legislation is focused around the
controls that you’d have in place around personal sensitive data and the way it flows across
the organisation, what we are seeing is an evolution of roles and skills that you have
in the organisation. So, whilst I might have had somebody that
was focused around protection of information or information security, right now I’m looking
at an individual that has to have oversight of the data, as we see flowing right across
the organisation. So, what we’ve seen is the emergence of the
chief data marketing officer, for example. But we’re also seeing a strong demand in the
market for a chief privacy officer or a data protection officer. At the moment, the market is short and our
benchmarking tells us the market across Europe is short by 33,000 data protection officer
jobs. There’s this whole narrative around Brexit
as well. Am I right in thinking that whatever happens, whether
we stay in or out, businesses in the UK will still have to comply regardless? We had a number of these questions around
Brexit previously and especially with the uncertainty as we go into Brexit, the question
has always been asked: what happens to the UK? What happens to the data of a large multi-national
that is flowing right across the European Union? So, right now we know that the UK is going
through a change in its data legislation. It’s currently making the assent through parliament. And that was announced a couple of months
ago and Elizabeth Denham, who is the UK’s ICO, is quite vocal about that. What we do know is that once the UK comes
out of the European Union and once that date is set, there’s still be a transition period,
actually that will go for probably for two years where we will still have to harmonise
with European Union legislation. Once of those legislations will be GDPR. The current bill that’s making its assent
through to parliament, GDPR is written into that. So, the UK will have to comply with GDPR. How the UK will work with the European Union
beyond that time period, we’re unsure of just yet. What we are expecting is that the UK would
become a white-listed country or a white-listed territory, in which case we can still share
data across the European Union. So, what advice would you give to people watching
this video in terms of preparing their business for the upcoming regulation? So, probably three key pieces of advice I
would give an organisation. The first is: absolutely be certain about
the types of data that you are collecting in the organisation. If you are collecting personal and sensitive
data, make sure that you understand the way it is collected, where it’s stored and where
it’s processed. So, that’s the first one. Understanding the scope of the legislation,
whether or not you apply to that. The second is: if I do collect personal, sensitive
data, what sort of risks does the organisation have as a result of the data that it collects,
processes and stores and even transfers? Once I understand those risks, the next thing
I need to do is to make sure that I have controls around that – either mitigating controls
or direct controls in place that would stop that data being lost. Quite a bit of this is making sure that if
I’m collecting things like personal, senstive data in the organisation that there is the
legitimate grounds for processing of that information. So you need to have consent of the individual
to collect it, to store, to process it. Great, well thank you so much for your time,
Pragasen. Thank you. That’s all for this episode.For more of the latest top headlines, head over to

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