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Report: Internet Giants To Comply With Russian Personal Data Law

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Report: Internet Giants To Comply With Russian Personal Data Law
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Several giant Internet companies will acquiesce to a new Russian law that requires storing Russian users' personal data inside Russia, according to the Russian non-governmental news agency Interfax.

EBay Inc. (NASDAQ: EBAY) and Alibaba Group Holding Ltd. (NYSE: BABA) have each agreed to comply with the law, state media watchdog Alexander Zharov said in the report, which was picked up Tuesday by the independent English language newspaper Moscow Times.

Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) will also comply "as far as I know," Zharov told Interfax.

A separate privacy agreement called Safe Harbor that regulates how U.S. companies handle the personal data of European citizens came under fire recently in a European Union court case, according to The Wall Street Journal.

Posted-In: Interfax Moscow Times RussiaNews Rumors Global Best of Benzinga

 

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