The US and the European Union (EU) have a preliminary agreement over the storing of European data on US soil. It was announced by President Biden and EU President Ursula von der Leyen, speaking on Friday March 25. If successful, the data agreement would resolve a significant point of contention in US-EU relations since a previous deal regulating trans-Atlantic data flows—Privacy Shield—was deemed illegal by the EU’s top court in 2020. It ruled that the US did not provide EU citizens effective means to challenge US government surveillance of their data.
[ Learn 8 pitfalls that undermine security program success and 12 tips for effectively presenting cybersecurity to the board. | Sign up for CSO newsletters. ]
Framework underscores “shared commitment to privacy”
While neither President Biden nor President von der Leyen provided details on how the new agreement would work and withstand legal challenges, the US President said that the “framework underscores our shared commitment to privacy, to data protection and to the rule of law” and would allow EU authorities “to once again authorize trans-Atlantic data flows that help facilitate $7.1 trillion in economic relations with the EU.”
More Stories
Smashing Security podcast #412: Signalgate sucks, and the quandary of quishing
QR codes are being weaponised by scammers — so maybe think twice before scanning that parking meter. And in a...
WK Kellogg Confirms Data Breach Tied to Cleo Software Exploit
WK Kellogg breach exposed employee data after attackers exploited flaws in Cleo software Read More
Precision-Validated Phishing Elevates Credential Theft Risks
New phishing method targets high-value accounts using real-time email validation Read More
Ransomware Attacks Hit All-Time High as Payoffs Dwindle
While ransomware attack claims are at an all-time high, financial losses from actual attacks may be reducing Read More
How to Leak to a Journalist
Neiman Lab has some good advice on how to leak a story to a journalist. Read More
Three-Quarters of IT Leaders Fear Nation-State AI Cyber Threats
73% of respondents in an Armis survey said they worried about nation-state actors using AI for cyber-attacks Read More