1/28/2019, 3:36 PM (Source: TeleTrader)
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Russia probes P&G for personal data compliance

United States consumer goods giant Procter & Gamble (P&G) is under investigation in Russia for issues related to the company's compliance with Russian personal data storage regulations, TASS reported on Monday. The audit is expected to be completed next month.

Apart from P&G, Russian telecom watchdog Roskomnadzor also launched a data privacy investigation into Burger King. "Right now, checks are underway for Procter & Gamble and Burger King. They are checking localization-related issues for these companies. Results will be revealed in the second half of February," Yury Kontemirov, deputy chief of Roskomnadzor stated.

P&G shares traded 0.27% in the negative territory at 9:35 am ET.

Breaking the News / SS