Tags: EU | Europe | US | Data Privacy

US, EU Reach New Data Privacy Agreement

Tuesday, 12 July 2016 06:36 AM

BRUSSELS (AP) — The U.S. and European Union have announced approval of a new data privacy agreement that EU regulators say will impose stricter obligations on American companies to safeguard the personal data of individuals.

The Privacy Shield accord, which EU officials said takes effect immediately, was announced Tuesday at a joint news conference in Brussels by EU Justice Commissioner Vera Jourova and U.S. Commerce Secretary Penny Pritzker.

In prepared remarks, Jourova called the Privacy Shield "a robust new system to protect the personal data of Europeans and ensure legal certainty for businesses."

The new system comes after the European Court of Justice ruled in October 2015 that the previous Safe Harbor agreement governing trans-Atlantic data flows was invalid.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
The U.S. and European Union have announced approval of a new data privacy agreement that EU regulators say will impose stricter obligations on American companies to safeguard the personal data of individuals.The Privacy Shield accord, which EU officials said takes effect...
EU,Europe,US,Data Privacy
118
2016-36-12
Tuesday, 12 July 2016 06:36 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved