On October 6, 2015 the European Court of Justice ruled to invalidate a long standing agreement regarding the transfer of Europeans’ online information. This Safe Harbor agreement had been in place since 2000, and was critical to an awe-inspiring growth of the trans-Atlantic digital economy.
There were many reasons this decision was inevitable. But the one most compelling to US consumers and most crucial to US companies is the cultural one.In Europe, privacy is seen a fundamental right like freedom of expression. While in the US privacy is more of a consumer protection issue. That difference is colossal.
The hard truth is, here in the US, we don’t treat data well. Our companies don’t recognize data sovereignty or strive to understand it’s corporate footprint. They don’t often treat data as if it’s worth the costs of additional safekeeping beyond whatever standards are imposed by regulatory guidelines like HIPPA or PCI-DSS.
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