The new data transfer pact between the EU and the US, known as the EU-US Privacy Shield, aims to regulate the transfer of personal data between the two regions. It replaces the previous Safe Harbor agreement, which was invalidated by the European Court of Justice in 2015
The Safe Harbor agreement was invalidated by the European Court of Justice due to concerns about the privacy protections of European citizens. The court ruled that the agreement did not provide an adequate level of protection for personal data, leading to its replacement with the Privacy Shield
The new data transfer pact is expected to have a significant impact on businesses operating in Europe and the US. Companies will need to ensure that they comply with the new regulations, which include stronger privacy protections and increased oversight by both European and American authorities
There are concerns about whether the EU-US Privacy Shield will withstand legal challenges, particularly from privacy advocates and data protection authorities. Critics argue that the pact does not go far enough in protecting the privacy rights of European citizens
One of the key differences between the EU-US Privacy Shield and the Safe Harbor agreement is the level of oversight. The Privacy Shield includes stronger enforcement mechanisms and obligations for companies to protect personal data
European data protection authorities have expressed mixed opinions about the EU-US Privacy Shield. Some authorities believe that the pact provides adequate protection for personal data, while others are concerned that it does not go far enough in safeguarding the privacy rights of European citizens
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EU and US agree on new data transfer pact, but doubts remain.