Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Landmark Court Decision Forces US Tech Giants To Keep Data On EU Citizens In Europe

Courtesy of ZeroHedge View original post here.

As the Nasdaq’s explosive rally finally begins to unwind, European courts are piling on the pressure. One day after an EU court repudiated the bloc’s own anti-trust officials and saved Apple from a roughly $15 billion tax bill (all pending appeal, of course), the European Court of Justice, the highest court in the bloc, issued a ruling attaching new restrictions to how the personal data of EU citizens are handled by US companies.

Citing the risk of extralegal government surveillance, the court declared that US tech giants must keep all private data belonging to EU citizens in the EU.

According to the ruling, companies’ transferring the data of EU citizens out of the bloc exposes it to undue government surveillance, perhaps carried out by the US intelligence community. To protect the privacy of Europeans in accordance with the principles articulated in the GDPR, the ECJ ruled that private data of its citizens must remain in Europe.

Specifically, the ruling invalidates a widely used EU-U.S. data-transfer agreement in a major victory for privacy activists who have long argued that the US tech companies’ data practices should make them ineligible to operate in the EU. It will force companies to make a difficult decision. Since all data on EU citizens must now be physically stored in data centers on the continent, US tech giants will need to choose: either they build out the necessary infrastructure (server farms, etc), or they abandon their European business.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!