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US, EU strike data transfer deal

13
Jul
2016
US, EU strike data transfer deal

20160202-eu-us-privacy-shield

European officials on Tuesday gave the final stamp of approval to a long-awaited data transfer deal between the U.S. and the European Union, allowing the agreement to go into effect after more than eight months of negotiations.

The so-called Privacy Shield is intended to allow thousands of companies — from social media to hospitality — to continue freely transferring European citizens’ data across the Atlantic.

It replaces a widely used 2000 agreement that was struck down by the European high court over privacy concerns last fall.

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