image: ITKeyMedia

EU lawmakers threaten businesses relying on Privacy Shield

July 16, 2018

Via: CIO

A vote by European Union lawmakers seeking to suspend Privacy Shield could spell bad news for businesses that have built their GDPR compliance strategy on adherence to the EU-U.S. data transfer agreement’s principles.

The EU’s General Data Protection Regulation, like its predecessor the Data Protection Directive, authorizes the export of EU citizens’ personal information only to jurisdictions that provide an adequate level of privacy protection.

Privacy Shield, an agreement signed by EU and U.S. officials in 2016, seeks to reconcile the different levels of legal protection afforded on each side of the Atlantic, allowing businesses to export EU citizens’ data to the U.S. for processing.

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