EU, US Find Common Ground On Data Transfer Pact

EU Data Transfer Pact Advances

Changes to strengthen the data transfer pact between the European Union and the U.S. were agreed upon late last week.

Not only is the pact key to transatlantic business, but also it will include stricter rules for companies that maintain information on Europeans and propose clear limits on U.S. surveillance, Reuters reported on Friday (June 24).

A vote on the revised EU-U.S. Privacy Shield is expected to take place next month, EU sources told Reuters, after which it officially go into action.

According to those sources, the U.S. has provided further explanation of the specific conditions where the country’s intelligence services may be required to collect data in bulk and how that data would be safely used.

An example of this was provided in a letter, which was seen by Reuters, from the Office of the Director of National Intelligence that points to a situation where the U.S. could be seeking information about a terrorist group that may be plotting attack on Europe.

If the U.S. did not have access to certain information, it would then proceed to collect communications taking place inside and outside of the Middle East “for further review and analysis to identify those communications that relate to the group,” the letter explained.

“Thus, even when targeting through the use of specific selectors is not possible, the United States does not collect all communications from all communications facilities in the world,” it continued.


Latest Insights: 

The Payments 2022 Study: Building A High-Performance Payments Team For Fraud Detection, a PYMNTS collaboration with Stripe, examines how digital platforms of all sectors and sizes plan to develop their anti-fraud teams as part of their their broader growth and development strategies. Drawing from an extensive survey from approximately 250 payments heads at digital platforms in the U.S. and abroad, our study analyzes how poor anti-fraud capabilities can harm platforms’ long-term growth strategies, and how they can build high-performing teams to tackle these challenges.

Click to comment


To Top