EU Parliament votes to suspend data sharing deal with US

By   ISBuzz Team
Writer , Information Security Buzz | Oct 24, 2013 09:33 pm PST

The European Parliament voted today to suspend a major data sharing agreement with the US following the ongoing scandal over alleged surveillance from the US National Security Agency.

Members of the European Parliament (MEPs) narrowly adopted a resolution to suspend the Terrorist Finance Tracking Program (TFTP) with 280 votes in favour and 254 against.

The TFTP agreement allows the US Treasury to access some data stored in Europe by international bank transfer company Swift. But allegations that the NSA had spied on this data without going through legal channels has enraged many MEPs.

These allegations are based on documents leaked by former NSA contractor Edward Snowden. According to the documents, Swift is included in an NSA training manual for new agents on how to target the private computer network.