The Safe Harbor agreement on which many businesses rely for the
transatlantic transfer of personal data is invalid, the Court of Justice
of the European Union has ruled
While the decision will affect companies like Facebook and Google, it is bad news for small and medium-size companies transferring data from the EU to the U.S., said Mike Weston, CEO of data science consultancy Profusion.
"American companies are going to have to restructure how they manage, store and use data in Europe and this will take a lot of time and money," he said.
The CJEU provided a summary of the ruling, the full text of which will be published later.
Note EU-Digest: Good move - but the obvious question is what will the US do with all the information they have already collected about and on EU Citizens ?
Read more: European court invalidates EU-US Safe Harbor pact | Computerworld
While the decision will affect companies like Facebook and Google, it is bad news for small and medium-size companies transferring data from the EU to the U.S., said Mike Weston, CEO of data science consultancy Profusion.
"American companies are going to have to restructure how they manage, store and use data in Europe and this will take a lot of time and money," he said.
The CJEU provided a summary of the ruling, the full text of which will be published later.
Note EU-Digest: Good move - but the obvious question is what will the US do with all the information they have already collected about and on EU Citizens ?
Read more: European court invalidates EU-US Safe Harbor pact | Computerworld
