Mickeycaskill quotes a report from Silicon.co.uk: Switzerland has agreed its own new data transfer agreement with the United States, basing the framework on the deal struck by the European Union (EU) following the invalidation of Safe Harbour. The previous arrangement was invalidated because of concerns about U.S. mass surveillance but Switzerland says the new Swiss-U.S. Privacy Shield will allow Swiss companies to transfer customer data without the need for additional contractual guarantees. The Swiss Federal Council, a seven member executive council that is effectively the head of government in Switzerland, claim citizens will benefit from additional protections and the ability to contact an ombudsman about data issues. Although not part of the EU, Switzerland is a member of the European Economic Area (EEA) and has several bilateral agreements with the EU that sees it adopt many of the bigger bloc’s policies. The Federal Council says the alignment between the EU and the Swiss transatlantic data sharing partnerships is good news for multinational organizations.

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Source: Slashdot – Switzerland Agrees To Its Own New Data Sharing Pact With the US