EU, US reach ‘agreement in principle’ on transatlantic data flows – TechCrunch

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Hello and welcome to the Daily Crunch on Friday, March 25, 2022! This is one of the final Daily Crunch intros that I will write for you. I will miss our daily conversations and hellos. But there is no time on Friday to relax. We have work to do! Let’s go! – Alex

TechCrunch’s Top 3

  • EU, US reach tentative data deal: If you don’t follow Natasha Lomasi, our key reporter on all things regulation and privacy when it comes to the tech world, that’s the last time you’ve done so. Lomas reports that the EU and the US have reached “an agreement in principle… on a revived transatlantic data flow agreement,” which could end a long period of uncertainty regarding the moving bits across the Atlantic Ocean.
  • And talk about major regulatory changes: The EU is again in the news today about securing deals for what we call “major competitive reform” in the region. On the docket are things like imperative message interoperability. Does that mean the days of iMessage shutting down could be coming to an end? It’s unclear what impact the rule changes will have in the United States, but big things are happening everywhere.
  • Instacart seeks to make its equity more competitive: The mechanics of it are nuanced, but after rising to an equity valuation of nearly $40 billion last year, Instacart has revalued its equity for employee compensation purposes. . With a much lower price. TechCrunch is curious if we are seeing the beginning of a trend for the year, as other unicorns may choose to make a similar move to secure their employability.

Start-ups and VC

The creative economy is: chart-up-and-to-the-right: like there’s no tomorrow, and everyone wants a piece of the action. Powerful Marketing Automation HubSpot has launched a new podcasting program aimed at advanced marketers game search produces their content, including paying creators for them to follow, depending on the number of content consumers. Of course, the creative economy also has a downside; Content moderation continues to be a challenge and some TikTok’s former moderators are trying to gather enough support to bring a class-action lawsuit together against social media because of the psychological trauma they claim they experienced during their role as moderators.

Meanwhile, the work-from-home trend seems to extend to spaces beyond “avoiding offices like the plague during a literal plague.” Firstbase has raised $50 million to further improve remote employee outreach and logistics.

Other highlights for this Friday:

Cloud Service Provider Default Retention Policy Isn’t Enough: You Should Back Up Your SaaS

Network cable connecting to the cloud

Image credits: Eoneren (Opens in a new window) / Beautiful pictures

Many jobs today have moved to the cloud as SaaS tools replace traditional on-premises software in the enterprise.

But while SaaS tools make life easier, the nature of cloud businesses and their data retention policies means that in the event of a cyber attack or failure, you are responsible. back up all data used by those tools, not your cloud service provider, points out Brian Spanswick, CISO and head of IT at Cohesity.

To protect their data, Spanswick writes, companies must proactively put in place mechanisms to protect, back up, and restore all data being used by SaaS tools in the enterprise.

“Relying solely on the provider’s default retention and recovery policies is not enough.”

(TechCrunch+ is our membership program that helps founders and startup teams rise to the top. You can register here.)

Big Tech Inc.

  • Spotify is testing a new car mode: If you’re getting back on your commute to work during the dwindling COVID restrictions we’re living in, you may have noticed that Spotify looks a little different in your car. Well, let’s assume it’s confirmed: Spotify is testing new versions of Vehicle Mode. Though for now they are just that: experiments.
  • US charges Russian spies for domestic hacking: A small note here regarding the national aspect of hacking. It’s a big business. And the United States is charging four Russian hackers for a “year-long campaign of attacks targeting critical infrastructure, including a US nuclear energy operator and a US petrochemical facility.” Saudi Arabic”. Oh my God.

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