The U.S. and the European Union have amended their data transfer pact that seeks to heighten regulation of cross-border personal information transfers by companies, Reuters reported Friday.Julia Fioretti writes the new version of the EU-U.S. Privacy Shield agreement was sent to European member states for review ahead of a scheduled vote on the deal early next month.
Regulators in Washington and Brussels crafted the agreement after the European Court of Justice nullified the International Safe Harbor Privacy Principles on concerns over the U.S. government’s mass surveillance activities, according to the report.
The report said U.S. and European businesses transfer data related to payroll and human resources as well as information for targeted online advertising.
