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EU data privacy ruling may disrupt US tech firms
Invalidating trans-Atlantic data-sharing pact may also stifle spy agencies in thwarting terror plots
Add BT as a preferred sourcePublished Wed, Oct 7, 2015 · 09:50 PM
Luxembourg
US Internet companies may lose billions of dollars and spy agencies may be stifled in thwarting terror plots after Europe's highest court struck down a trans-Atlantic data-use agreement.
The US Commerce Department will provide guidance to companies on how to proceed with data transfers in the wake of Tuesday's ruling, which invalidates a 15-year-old agreement that allowed US technology companies such as Facebook Inc and Google Inc to move European customers' information to the US.
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