After the disbanding of the Safe Harbor agreement earlier this year, U.S. businesses have been waiting for a ruling to disclose how to process data across the Atlantic. EU Justice Commissioner Vera Jourova disclosed in an interview with The Wall Street Journal that European legislators want mandatory disclosure of U.S. firms requesting European citizen intelligence and information.
The EU also requested more “qualitative” information detailing why the data acquired is necessary. Jourova also said there will be a “list of criteria on the necessity and proportionality of this access.” Certain critics are saying this agreement is one sided, since the U.S. will not require mandatory disclosure from European businesses processing U.S. information.
More than 4,000 U.S. companies are affected by the upcoming ruling, including social media platforms, hotel booking sites and major data center providers. An official decision about the framework of the new data processing mandates will be made in two to three months.