European court strikes down EU-US Privacy Shield user data exchange agreement as invalid

A crucial mechanism for transferring EU citizen data between the United States and Europe has been ruled as invalid in what could be a major blow to thousands of companies.

Known as the EU-US Data Privacy Shield, the pact was designed for the exchange of data across country borders with high and legally-enforced data protection standards, including preventing the bulk collection of user information and limiting access to EU citizen data.

However, privacy and rights groups have long been concerned about the protection awarded to EU user data moved out of the region and into another — as well as what agencies may then be able to access this information for surveillance purposes.

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Source: ZDNet