The Snowden effect has caused the European Court of Justice (ECJ) to strike down Safe Harbor. This 15-year-old data transfer agreement between the EU and the U.S. allowed multinationals to store Europeans’ data in the U.S. if the companies agreed to comply with Europe’s data privacy laws. This turn of events certainly causes operational angst for thousands of U.S. businesses that store data overseas. Tightening data privacy regulations carry potentially dire consequences for businesses that can’t quickly adapt. In particular, the Safe Harbor ruling puts Cloud Service Providers (CSPs) in a tough spot as many of them depend on the…
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