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As the SWIFT agreement moves forward, EUobserver reports on the differing philosophies and laws governing the U.S. and EU when it comes to data protection. The differences pose challenges to U.S. companies doing business in the EU, the report states. Whereas in Europe data protection is viewed as a fundamental human right, in the U.S. "it's a consumer protection interest," said Lisa Sotto, a privacy lawyer at U.S.-based Hunton & Williams. Sotto discusses Safe Harbour agreements, which aim to bridge the gap between EU and U.S. philosophies and have helped some 2,200 U.S. companies to comply with EU laws.
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