European Commission and US “close to a deal” on data sharing

Image source: Article

Image source: Article

The European Commission and the US authorities are working on the final details of a commercial data-sharing deal, which will affect the way banks and other businesses store data. Intended as an update of the original ‘Safe Harbour’ agreement between the two parties, which dates from 2000, the proposed changes include tougher conditions for US companies when sharing data with third parties.

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