In an interesting turn of events, the EU Court of Justice suspended safe harbor data transfers with the US (read more HERE). Protiviti’s Information Security team released a Flash Report this past week providing additional information on the ruling and it’s implication to US companies. This is a must read for any IT professional and IT Auditor, especially if your company manages information from any companies or individuals in the European Union.
On October 6, 2015, the Court of Justice of the European Union ruled “invalid” the July 2000 decision of the EU Commission to allow U.S. companies to transfer personal data from the EU to the United States when complying with the principles outlined in the so-called Safe Harbor agreement, meant to ensure there was an adequate level of protection of the personal data transferred. In striking down this agreement, the EU’s highest court disrupted the data traffic enabling many companies to transfer the personal information of Europeans to the United States.
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