US, EU warned of fallout if no data protection deal by January 31

The top US and European trade groups have warned their leaders of enormous fallout for businesses and customers if the two sides fail to reach a new deal on data transfers by end January. The European Court of Justice in October ruled that the EU-US “Safe Harbour” arrangement allowing firms to transfer European citizens’ personal information to the United States was “invalid” because it did not properly protect the data from spy agencies. EU and US officials have held several rounds of talks for a new arrangement with European officials hoping for a new deal by the end of January, and the four business groups mentioning a “deadline” of January 31, 2016.

Share this article