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
FBI Asks for Help Tracking Chinese Salt Typhoon Actors
The US authorities have asked the public to help them unmask China’s Salt Typhoon threat actors Read More
Government Set to Ban SIM Farms in European First
The UK government says it will ban the possession or supply of SIM farms, in a fraud crackdown Read More
Friday Squid Blogging: Squid Facts on Your Phone
Text “SQUID” to 1-833-SCI-TEXT for daily squid facts. The website has merch. As usual, you can also use this squid...
Law Enforcement Crackdowns Drive Novel Ransomware Affiliate Schemes
Increased law enforcement pressure has forced ransomware groups like DragonForce and Anubis to move away from traditional affiliate models Read...
SAP Fixes Critical Vulnerability After Evidence of Exploitation
A maximum severity flaw affecting SAP NetWeaver has been exploited by threat actors Read More
M&S Shuts Down Online Orders Amid Ongoing Cyber Incident
British retailer M&S continues to tackle a cyber incident with online orders now paused for customers Read More