The EU and the US reached a transatlantic data privacy framework agreement to further ensure the privacy security of EU residents.

by Mash Yang - Mashdigi

The European Union recently announced that it has reached a consensus with the United States toNew transatlantic data privacy framework (Trans-Atlantic Data Privacy Framework) to ensure the privacy security of users in the EU.

The main reason for establishing this data privacy framework is that the flow of information between Europe and the United States is quite large, and it has become the main driving force of important economic activities in the transatlantic range, even generating economic benefits of up to US$7.1 trillion.

Read more: https://mashdigi.com/eu-u-s-data-agreement-an-important-milestone-for-data-protection-microsoft-is-committed-to-doing-our-part/

E.U. Court Strikes Down Trans-Atlantic Data Transfer Pact

by Adam Satariano - The New York Times

LONDON — Europe’s top court on Thursday struck down a trans-Atlantic agreement that allows scores of companies to move data between the European Union and the United States, causing uncertainty for businesses that rely on moving digital information seamlessly around the world.

Read more: https://www.nytimes.com/2020/07/16/business/eu-data-transfer-pact-rejected.html