Court of Justice of the European Union has ruled that the Safe Harbor agreement on transatlantic transfer of personal data is invalid. The court was asked to rule on a matter of law in a case relating to Facebook’s transfer of EU citizens’ personal data to the U.S. The decision will affect companies like Facebook and Google, it is bad news for small and medium-size companies transferring data from the EU to the US. The case was brought by Austrian citizen Maximillian Schrems in a convoluted case filed in October 2013.”]
Source: https://www.computerworld.com/article/2989738/european-court-invalidates-eu-us-safe-harbor-pact.html