These revelations, which have been denied by the White House, have resulted in a renewed impetus within the European Union to update and strengthen the EU’s data protection rules, which are considered weak and outdated. The summit had been expected to be a low-key meeting, but recent events may provide more political will to make changes in the current regulations. Although there are clearly impacts on international relations between the United States and the EU over these proposed changes, there are potential effects on data privacy regulations on businesses that operate in the EU.
Earlier on Wednesday, a draft of the summit communiqué was circulated that included discussions of developing a “framework” for cloud computing and big data in Europe to both compete with companies based in the United States such as Google and Apple, but also to push for the construction of data servers that would be outside the reach of the NSA. (See. Article Here).
In the event that changes are made to the current European data security and privacy regulations, businesses that operate in Europe, or that have an on-line presence in Europe will need to review their various policies, including their on-line privacy policies, to stay current with those changes.