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Daily Dashboard | Microsoft's Smith: Privacy has reached a 'crisis point' Related reading: MedData data breach lawsuit settled for $7M

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Microsoft President Brad Smith is calling for antitrust laws to be updated for the digital age, CNN reports. Smith said in an interview businesses should calculate how much consumer data it has instead of calculating market share when trying to determine if it's a monopoly. He also said privacy has reached a "crisis" point, "and it would benefit us to treat it that way," calling for a federal U.S. privacy law similar to the EU General Data Protection Regulation. He recommended U.S. businesses get ahead of the curve and offer those rights to customers now rather than later.
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