Tuesday, February 16, 2016

The Business Implications of the EU-U.S. “Privacy Shield”

Last week, the U.S. and EU announced a tentative agreement to allow U.S. companies to continue sending and receiving personal information about EU residents across EU borders — everything from an online employee directory for a multinational company to a Facebook profile stored in the cloud.

An earlier agreement, known as the Safe Harbor Privacy Principles, which went back 15 years and was relied on by some 4,000 companies, was declared illegal last year based on concerns, highlighted by the Edward Snowden disclosures, that compliance with surveillance requests from U.S. government agencies, notably the NSA, may have put U.S. companies into conflict with the EU’s broadly written privacy directives. 

by Larry Downes
read full article at Harvard Business Review

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