EU's highest court rejects 'safe harbor' agreement with US

The European Court of Justice has just ruled that the transatlantic Safe Harbour agreement, which lets American companies use a single standard for consumer privacy and data storage in both the US and Europe, is invalid. The ruling came after Edward Snowden's NSA leaks showed that European data stored by US companies was not safe from surveillance that would be illegal in Europe.This could have far-reaching consequences for Facebook, Apple, Google, Microsoft, and other US tech giants operating in Europe.