The announcement carried very little information about the framework, except that it was merely agreed on "in principle." Experts like Max Schrems haven't held back their frustration:
“It is regrettable that the EU and US have not used this situation to come to a 'no spy' agreement, with baseline guarantees among like-minded democracies. Customers and businesses face more years of legal uncertainty.”
For a full breakdown of the Trans-Atlantic Data Privacy Agreement announcement, read our article "What You Need To Know About The New Trans-Atlantic Data Privacy Framework."
The good news is that U.S. companies don’t need to wait another two or more years to see where things settle. Customers are looking for software companies to provide assurances now, not when the stars align and the U.S. and EU finally agree.