US-EU Safe Harbor Framework Invalidated – It’s time to Love Your Data!

Posted in: Business Insights

Pythian has been closely following the developments in the EU relating to the invalidation of the US-EU Safe Harbor Framework.

On Friday, November 6, 2015, the European Commission issued guidance on the cross-border data transfer issues. This guidance spoke more to “alternative transfer tools” available to legitimize data flows to jurisdictions deemed “not adequate,” like the United States.

If you do transfer data and rely on Safe Harbor principles, we recommend you:

Keep Calm
Don’t rush to other transfer mechanisms that may turn out to be less than ideal.

Love your data!
Consider:
What personal data you are transferring outside the EU?
Where is it going?
What arrangements have you made to ensure that it is adequately protected?

Carry on and call Pythian
We can help you mitigate your risk of incidex* and prepare you for the pending EU regulation, General Data Protection Regulation (GDPR) slated to become law by end of 2015 and will mandate that all companies with EU customers follow the new rules wherever they’re based by 2018.

*Incidex: Today’s formula for total cost of ownership isn’t the traditional capex + opex + long-term expenses. Instead, there’s another more important cost component in today’s application landscape that Pythian refers to as “incidex”, or the cost of not investing in technologies that will secure and protect your revenue generating systems. If you redefine TCO as capex plus opex plus incidex, it’s a more holistic approach. And you can use the holistic TCO analysis to justify an investment in security technology.

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About the Author

Elliot Zissman is responsible for Pythian clients across Europe, the Middle East, and Africa. Aside from a short period spent running a small retail business in the UK, ever since the "dot com" boom of the late 90s his career has been focussed on technology services. He has advised enterprises such as McDonalds, Marconi, and Invensys on how the Internet might disrupt their business model. And he has been helping clients move to the Cloud since 2008. His last role was with a South African IT Services company, growing their business in Europe. He has been helping Pythian do the same since 2013. Elliot was named on the "Courvoisier Future 500", a “definitive list of the country’s successful young achievers” in 2007; one of Growing Business magazine’s Young Guns, a list of “the most outstanding crop of young entrepreneurs the UK has to offer” (also 2007); and the Young Entrepreneur of Year in the ParcelForce Worldwide Small Business Awards in 2004.

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