Safe-Harbor is now "Privacy Shield"
The US Department of Commerce and European Commission issued press releases this week (Tuesday, Feb 2, 2016) that outline some key changes to the EU-US Safe Harbor; now dubbed the "Privacy Shield." This agreement replaces Safe Harbor which was declared invalid October 6, 2015.
Privacy Shield Summary
While the new accord still needs to be reviewed by the Article 29 Working Party and the College of Commissioners, but assuming it remains substantially the same, we can expect the following:
More stringent obligations on companies handling Europeans' personal data and more robust enforcement.
EU individuals will have access to multiple avenues to resolve concerns, including through alternative dispute resolution at no cost to the individual.