EU reaches data transfer deal with US

The European Union and Brussels managed to reach a new deal on data transfer on Tuesday, a day after a deadline set by privacy regulators in Europe lapsed.

Concerns that personal information pertaining to Europeans would be subjected to mass surveillance on the other side of the pond had worried EU lawmakers, with some suggesting the flow of data be regulated.

That caused pre-emptive headaches for businesses who rely on the free flow of data across the Atlantic, but on Tuesday regulators in Europe said the US had made sufficient concessions to satisfy them.

"We have agreed with out US partners a new framework that will ensure the right checks and balances for our citizens", said EU digital affairs vice president Andrus Ansnip.

But the American's weren't keen to reveal their plan too soon.

US ambassador to the EU, Tony Gardner, said he was "happy to hear" the completion of the deal and explained how his country was looking forward to explaining how the agreement protects the data of European citizens.