U.S. and EU officials are meeting this week in Brussels in an effort to negotiate an updated agreement that would enable companies to seamlessly transfer data between subsidiaries. This ability to transfer data across the Atlantic was thrown into doubt on October 6 when the Court of Justice of the European Union (CJEU) ruled to effectively dismantle the U.S.–EU Safe Harbor Framework. The original framework, adopted in 2000, had enabled companies to self-certify that they were providing “adequate” protection of EU citizens’ personal data.
The nullification of Safe Harbor has caused considerable uncertainty for the more than 4,400 U.S. and European companies that had operated under the previous agreement. These companies had represented more than 100 industry sectors across a broad range of manufacturers, many of which were small- and medium-sized businesses. Read More