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Firms expect fines, new costs from Safe Harbor changes

Discussion in 'CSO' started by RSS, Dec 14, 2015.

  1. RSS

    RSS New Member Member

    IT budgets are expected to see a rumble of activity in the wake of the Safe Harbor earthquake.

    In a new Ovum survey of IT decision makers at international companies, 70 percent said they expect to increase spending next year, 66 percent expect to have to make changes in their European business strategy, and 52 percent expect to be facing fines.

    In October, the European Court of Justice, citing a lack of privacy protections in the U.S., invalidated the Safe Harbor agreement that had previously governed the sharing of data between Europe and the United States.

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