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Latvia's minister for justice, Dzintars Rasnačs, said: "Today we have moved a great step closer to modernised and harmonised data protection framework for the European Union".
The U.S. does not have a comparable data protection framework to GDPR.
And failure to promptly disclosure breaches can attract major fines under the GDPR data protection framework.
(Remember the EU also now has a tough new data protection framework).
In Europe there's also the updated data protection framework, GDPR, to consider.
The EU's tough new data protection framework, GDPR, only came into force this May — so the Cambridge Analytica breach is being handled under the bloc's prior data protection framework, comprising a patchwork of Member State laws.
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"I would say that a bespoke agreement or a treaty is preferable because that implies mutual recognition of each of our data protection frameworks," she said.
The government also wants "mutual agreement" to recognize each others' data protection frameworks "early in the process" — i.e. after the UK's exit — also to avoid a data flow cliff edge.
In the EU, we are negotiating a new data-protection framework which must reflect the reality and requirements of modern enterprise if they to deliver economic growth, promote the use of open data and protect citizens' rights.
Accordingly, as Europe moves to finalize its comprehensive data-protection framework, and as the U.S. works to reach a mutual consensus with the EU on the few remaining points of conflict that are preventing final agreement on safe harbor, it's beneficial to consider the implications that foreign legislation has on the American security landscape.
In Europe, a new data protection regulatory framework which encourages the development of a privacy by default infrastructure has been implemented.
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