03-10-2015: Safe Harbor Collapses

Business as we know it has been disrupted for companies located in both the EU and U.S. because the Court of Justice of the European Union (CJEU) invalidated the Safe Harbor agreement between the two entities earlier this month. The 15-year old agreement allowed businesses to move European data to servers in the U.S. But the court ruled European data is insufficiently protected when transferred to American data centers because federal intelligence services could gain access.