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Tip of the Month Aug 2016 - "Tip: Revised U.S./European Transfer Pact to Support $250 Billion in Digital Services"

Tip of the Month Aug 2016 - "Tip: Revised U.S./European Transfer Pact to Support $250 Billion in Digital Services"

Tip of the Month Aug 2016 - "Tip: Revised U.S./European Transfer Pact to Support $250 Billion in Digital Services"

Excerpt


"Tip: Revised U.S./European Transfer Pact to Support $250 Billion in Digital Services"



After months of debate, European and U.S. negotiators agreed on a data transfer pact to stop European regulators from imposing restrictions on the transatlantic transfer of data. The European courts had struck down the previous Safe Harbor framework following information leaks in 2013 that exposed intrusive U.S. surveillance practices. Since that time, the European Union and the United States have been struggling to replace the previous framework, which was outlawed following disclosures made by Edward Snowden, the former National Security Agency agent, concerning worldwide privacy breaches made by American intelligence services. The new Privacy Shield, a commercial data transfer agreement, is expected to facilitate more than $250 billion in transatlantic trade in digital services.


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