Official: Privacy Shield dragged across finish line
After losing Safe Harbor, American companies have been anticipating the approval of privacy shield in order to transfer personal data internationally. The EU member state have now given their approval, but it is still pending final approval from other entities. CSR will continue to watch this closely and keep you updated of any changes.
The scheme, which will allow the transfer of personal data from the EU to the US despite privacy and data protection concerns, has faced an uphill battle. Brussels officials who negotiated the deal on behalf of the EU have been desperate to push it through in the face of criticism from the European Data Protection Supervisor, national data protection authorities, and the European Parliament, in order to give some legal certainty to companies that rely on transatlantic data flows.
Many businesses have been in legal limbo since the Safe Harbor agreement was ruled invalid by the European Court of Justice (CJEU) last year. It found that—in light of Edward Snowden’s disclosures of US National Security Agency spying—personal data wasn't safe.