US: Tim Cook wants EU-type privacy laws

Tim Cook, CEO of Apple, is calling on the US government to embrace privacy laws that are similar to the European Union.

The Financial Times, citing comments Cook made during a speech in Brussels, reported Cook said it was time “for the rest of the world” to take a page from the EU and create a comprehensive framework to protect the personal information of consumers. He was referring to the new laws on the books in the EU dubbed the General Data Protection Regulation or GDPR. “We are in support of a comprehensive federal privacy law in the US,” said Cook in the speech to delegates in the European Parliament. Under the GDPR, regulators can fine companies that run afoul of the law, with the levies as high as 4% of yearly revenue. The White House, led by President Donald Trump, hasn’t been too keen to embrace a similar framework out of fear it will impose too many burdens on the companies. The Financial Times pointed to Wilbur Ross, the commerce secretary who wrote in the Financial Times in May that the criteria to apply GDPR was “too vague” and had “undue barriers.”

Nevertheless, the FT reported that Cook warned in his speech that internet companies could abuse the personal data of consumers, for they know the person better than themselves.  “This is surveillance, and these stockpiles of personal data only enrich the companies that collect them. This should make us uncomfortable and unsettle us,” said the Apple chief.

Underscoring its commitment to privacy