EU and U.S. agree to new data-sharing pact, offering some respite for Big Tech

EU and U.S. agree to new data-sharing pact, offering some respite for Big Tech

The European Union and the U.S. on Friday introduced they had agreed “in principle” to a new framework for go-border facts transfers, providing a few lots-needed alleviations for tech giants like Meta and Google.

For over a yr, officers on either aspect of the Atlantic had been hashing out a deal to replace the so-called privacy guard, an association allowing firms to proportion Europeans’ information to the U.S.

Privacy defense was invalidated in July 2020, putting a blow to FB and other companies that had depended on the mechanism for or her ECU-U.S. facts flows. The ECUs pinnacle court docket sided with Max Schrems, an Austrian privacy activist who argued the prevailing framework did no longer shield Europeans from U.S. surveillance.

The new agreement will “enable predictable and honest facts flows among the European and US, safeguarding privateness and civil liberties,” EU Commission President Ursula von der Leyen stated Friday, without providing much additional element on how it’s going to paintings.

news of the settlement will provide a few respites for Meta and a slew of different firms that have faced prison uncertainty over how they pass records across borders in the wake of the selection to scrap privateness protection. Meta has even cautioned it may close down FB and Instagram in Europe over the problem.

“For corporations with a presence in both the ECU and the US, the opportunity to transfer private information appropriately across the Atlantic and in compliance with relevant statistics protection policies is business-crucial,” stated Guillaume Couneson, a facts protection accomplice at regulation firm Linklaters.

However, Couneson warned it changed too early to say whether the brand new settlement stands the check of time. privacy defend itself was the substitute for secure Harbor, an earlier European-U.S. facts p.c.

“This new solution will resist the scrutiny of the supervisory government and the privacy activists that added down the two preceding ones,” he stated.

The deal was announced along a separate settlement with the U.S. to provide electricity to Europe as the Russian invasion of Ukraine threatens to disrupt the continent’s electricity resources.

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