A group of 70 IT and media companies, including AOL, Time Warner and IBM, have formed the Global Business Dialogue (GBDe), in yet another attempt by the Internet industry at self-regulation. A recent European Union Directive, which forces US companies to abide by strict EU guidelines on consumer privacy, is proving to be a large thorn in the side of US companies operating on the Internet, which are used to gather personal data from site visitors for marketing purposes. The GBDe is hoping to make the EU change its mind, and will also discuss encryption, authentication, taxation, intellectual property and electronic contracts.
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