In a decision that is sure to have wide implications for over 4,500 US companies doing business in Europe, the European Court of Justice has just ruled that the 15 year-old data sharing arrangement known as “Safe Harbor” invalid.

Those unfamiliar with this case, should consider examining our previous posts on this topic here and here. In short, complainant, Austrian Maximillian Schrems, filed a complaint against Facebook with the Irish Data ...