About: http://data.cimple.eu/news-article/6658ac06d2219467728a469b77ec8d6a586f8320ff214d321f1a8682

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About: http://data.cimple.eu/news-article/6658ac06d2219467728a469b77ec8d6a586f8320ff214d321f1a8682 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Warning that fragmented policies could stifle innovation, a group of 25 major corporations called Monday for the G7 to establish a body to coordinate global rules on digital public policy. The group, which includes US credit card giant Mastercard, German industrial heavyweight Siemens and Japan's SoftBank, said policies must be aligned on cybersecurity, cross-border data flows and artificial intelligence. The pandemic highlighted the importance of these areas, but digitization means "these technologies give rise to operational risks, such as hacking and data breaches, and regulatory risks from underdeveloped, poorly designed, or inconsistent legal frameworks," the group said in a statement. "They also implicate important societal interests related to privacy, competition, and algorithmic bias." A lack of coordination has meant "some governments are moving quickly to regulate, often without sufficient expertise, adequate public input, or coordination with other governments," the group said. The group likened the proposed body to the Financial Stability Board, which was created in response to the 2008 global financial crisis. It would not be a "supranational regulator," but would operate as a forum for governments to discuss and coordinate policies. Other signatories of the letter include US bank Citi, French energy company Engie, General Motors, IBM, Mercedez-Benz, Toyota, Visa and Zoom. jum-jmb/bgs
schema:headline	Multinationals call on G7 to coordinate digital policy
schema:mentions	Heavyweight IBM U.S. Bancorp Digital media Computer security Mastercard Visa Inc. Siemens Zoom Corporation Cybercrime Credit card Toyota General Motors Industry French language Group of Seven Artificial intelligence Japan Pandemic Algorithmic bias Financial Stability Board Supranational union Policy Information privacy SoftBank Group Financial crisis of 2007–2008 Energy industry
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	92 (xsd:integer)

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