Cloud Computing: Living In A Post-Safe Harbor World - What Your Company Needs To Know

Grazed from CloudTweaks. Author: Editorial Staff.

With the striking down of the Safe Harbor agreement in October, we have seen the tip of a data privacy iceberg whose global implications will play out well into the new year. In 2016, U.S. businesses can expect a regulatory domino effect that will occur region by region, as more governments will take steps to protect citizen data, preserve national security interests, and build legal fences to protect local businesses.

These evolving rules will be determined within various governments, with different privacy concerns driving each set of regulations. It’s likely to produce more chaos before consistency. As we close out 2015, representatives from the EU Commission and the U.S. have been working on the terms of a new data-transfer framework that will meet the EU court’s requirements...

For U.S. businesses, January 31, 2016 will be when things really get interesting. That’s the deadline for the European Commission to agree on new Safe Harbor rules with the U.S. Right now, EU officials are still seeking greater clarity regarding the extent to which U.S. national security services can access European citizens’ data. If no agreement can be hammered out by this deadline, companies are will have to find an alternative to Safe Harbor or face non-compliance fines...

Read more from the source @ http://cloudtweaks.com/2015/11/post-safe-harbor-world-company/