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By Julia Fioretti BRUSSELS (Reuters) - The European Union wants to enhance the power of the bloc's national privacy regulators in policing a planned new EU-U.S. data pact after the previous one was struck down by a top EU court on concerns about mass U.S. surveillance. Brussels and Washington are locked in negotiations to forge a new framework enabling data transfers from Europe to the United States, which are otherwise subject to cumbersome and lengthy legal processes under EU data protection law. The previous pact, known as Safe Harbour and used by over 4,000 U.S. and European companies, was declared invalid by the European Court of Justice in October because U.S. national security needs trumped the privacy of Europeans' data. more...

By Dustin Volz WASHINGTON (Reuters) - The U.S. National Security Agency will end its daily vacuuming of millions of Americans' phone records by Sunday and replace the practice with more tightly targeted surveillance methods, the Obama administration said on Friday. As required by law, the NSA will end its wide-ranging surveillance program by 11:59 p.m. EST Saturday (4:59 a.m. GMT Sunday) and expects to have the new, scaled-back system in place by then, the White House said. The transition is a long-awaited victory for privacy advocates and tech companies wary of broad government surveillance at a time when national security concerns are heightened in the wake of the Paris attacks earlier this month. more...

Electronic toymaker VTech Holdings Ltd said on Friday that it was the victim of a cyber attack that compromised information about customers who access a portal for downloading children's games, books and other educational content. more...

Less than a week after Facebook Chief Executive Mark Zuckerberg said he would take two months of paternity leave, the social media company announced it is extending its parental leave policy to full-time employees outside the United States. Employees may take leave at any point up to a year after the birth of their child, Lori Matloff Goler, the company's head of human resources, said in a Facebook post late Wednesday. Facebook currently offers only U.S.-based workers up to four months of paid leave. more...

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