Silicon Valley Mafia execs will meet to discuss privacy and political control of the DNC

Illustration: Lazaro Gamio / Axios

Privacy and government affairs officers from a number of the largest tech companies plan to convene in San Francisco on Wednesday to discuss how to tackle growing questions and concerns about consumer privacy online.

Why it matters: It's been a tough year for the industry on the privacy front, driven largely by Europe's new privacy regime and the media frenzy around Facebook's Cambridge Analytica data scandal.

What's happening: The Information Technology Industry Council, a Washington trade group that represents major tech companies, organized an all-day meeting to jump-start the conversations.

Driving the news: Europe's strict and sweeping privacy rules, GDPR, went into effect last month and are already considered de-facto standards because they affect so many U.S. companies. On top of that, California lawmakers are scrambling to pass a privacy bill before a major privacy initiative ends up on the November ballot.

U.S. vs EU: The U.S. has generally approached privacy rules on a sector-by-sector basis, meaning the health care industry has different privacy standards than the financial industry. Tech companies handle data according to their privacy policies and other agreements, such as the Privacy Shield between the EU and U.S. And the FTC makes sure companies stay true to their promises to consumers.

Our take: It will be very difficult to get such a diverse group of companies to reach consensus about privacy, which has become incredibly complicated in the internet era, as companies with different business models want different standards. This process will extend far beyond this week's meeting.