U.S., EU reach agreement on Safe Harbor alternative

Goodbye Safe Harbor, hello Privacy Shield: that's the name given by European Union and U.S. negotiators to the deal they struck on Tuesday enabling legal transfers of personal data between the two regions.EU-US Privacy Shield "will protect the fundamental rights of Europeans where their data is transferred to the United States and ensure legal certainty for businesses," the European Commission said in a press release announcing the agreement.Designed to replace the Safe Harbor agreement that was