Facebook will move the data of 1.5 billion users to avoid EU’s new privacy law

INSUBCONTINENT EXCLUSIVE:
By making a minor change in its terms and conditions of use, Facebook is moving the data of all users outside of the US, Canada and the
European Union from its Ireland headquarters to its offices in California, effectively escaping the EU’s new privacy protection law.This
shift in responsibility comes despite Facebook’s promise to protect user data in the wake of the Cambridge Analytica scandal.The move will
be completed before the EU’s General Data Protection Regulation (GDPR) law goes into effect on May 25, and will affect users from Africa,
Asia, Australia and Latin America
That’s about 70% of all Facebook users.Escape routeUnder the EU’s new law, Facebook, or any company, becomes liable to fines of up to 4%
of their global turnover in case of a data breach
For Facebook, that could amount to around US$1.6 billion.In a statement to Reuters, Facebook downplayed the significance of the changes made
to the terms and conditions, saying, “We apply the same privacy protections everywhere, regardless of whether your agreement is with
Facebook Inc or Facebook Ireland.”Yet, when questioned by the US Senate whether the social media giant would adhere to the GDPR, Mark
Zuckerberg said yes but noncommittally referred to the GDPR “controls” as opposed to its “protections”.Once the jurisdiction moves
away from Ireland, Facebook will be governed by the more lenient laws of the US, giving the company some freedom on how it handles user
data.[Via Reuters]