Europe, US Cut 11th Hour Safe Harbor Deal

Europe and the United States on Tuesday announced a new Safe Harbor agreement that neutralizes the threat of enforcement actions against domestic companies handling overseas data. Called the "EU-US Privacy Shield," the agreement aims to protect the privacy of data belonging to European citizens when it's handled by U.S. companies. "The new EU-US Privacy Shield will protect the fundamental rights of Europeans when their personal data is transferred to U.S. companies," said EU Commissioner Vera Jourová.

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