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Face to Face: Cyril McGuire, CEO Trintech
At its height, Irish payment security company Trintech was valued at around USD4.5 billion and its sibling founders Cyril and John McGuire were worth USD650 million apiece. Since those heady days the company's shares have lost 99.5 percent of their value and a recent four for one split did little to boost prices. Trintech's new CEO Cyril McGuire talks Face to Face with Matthew Clark about the firm's past and future.
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Privacy groups slam new EU directive
Friday, May 31 2002
by Aoife White


The European Parliament has voted to let member states ignore data protection
regulations for security reasons, sparking harsh criticism from privacy
advocates. Certain civil liberties groups are opposing the law on the grounds that it could
threaten the fundamental right to privacy. Current data protection rules do not
permit communications data to be kept longer than necessary for billing purposes.
The new law means governments could ask telecom companies and ISPs to retain data
for an unspecified "limited time" to safeguard national security.

The directive said such use must be a, "necessary, appropriate and
proportionate measure within a democratic society," and it must also respect the
European Convention on Human Rights, which has not been incorporated into Irish
law.

Cormac Callanan, chairman of the Internet Service Providers Association of
Ireland, said ISPs were neutral on the issue of data retention but were concerned
about the cost of storing increased amounts of communications data.

Several members of the European Parliament, including the Liberal Democrat group,
criticised the vote, saying the law hands too much power to member state's to
control individuals. Before the vote an alliance of 40 civil liberties groups
warned that the law could have, "disastrous consequences for the most sensitive
and confidential types of personal data."

Yaman Akdeniz, director of Cyber-Rights and Cyber-Liberties, told
ElectricNews.Net that the directive encourages governments to develop legislation
that might damage a fundamental right to privacy.

"I don't think the EU spent much time thinking about this issue. It is a hotly
debated topic but they rushed into it," he said. "Since September 11
governments are more anxious about fighting terrorism. We now have to watch what
individual governments will allow."

German left-wing MEP Ilka Schroeder said in a statement, "From today on, the
fundamental right to privacy is questioned for everyone using electronic means of
communication. Western democracies have surpassed the surveillance achievements
of the East German Stasi."

The European Parliament has often acted as the champion for civil liberties and
privacy issues. The Parliament was the first government institution to
acknowledge the existence of Echelon, the global surveillance network run by
state intelligence agencies in the US and Britain.

The European Commission said it expected the new directive to become law across
the EU before the end of 2003. The directive must now be approved from the
Commission and each of the 15 member state governments.
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