From: FedScoop
The new deal, dubbed Privacy Shield, will provide an ombudsman to address complaints by EU citizens; legal redress against U.S. agencies; and a framework to resolve complaints against U.S. companies
By Shaun Waterman
The U.S. and EU finally reached a deal governing the transatlantic transfer of personal data, officials said Wednesday, promising it would unravel the Gordian knot negotiators have been tugging at for more than two years — reassuring companies about regulation and EU citizens fearing mass surveillance, while allowing U.S. intelligence and law enforcement agencies needed access to communication flows.
The handshake agreement — written details are expected within a few weeks — replaces the 15-year old Safe Harbor arrangement, under which U.S. companies collecting EU citizens’ personal data were essentially allowed to self-certify that they were treating it as they would have to if they were subject to European regulation.
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