EU sanctions new deal on data sharing with US.

News: EU Approves Revised Pact for Data Transfer with US The European Union has approved a revised pact for data transfer with the United States. This agreement comes after the previous pact, known as the Privacy Shield, was struck down by the European Court of Justice in 2020. The new agreement, called the EU-US Privacy Shield 2.0, aims to provide a framework for transatlantic data transfers that is compliant with EU data protection laws.

What led to the need for a revised data transfer pact?

In July 2020, the European Court of Justice ruled that the Privacy Shield agreement did not provide adequate protection for European citizens data when transferred to the United States. This decision was based on concerns about US surveillance practices and the lack of privacy safeguards for EU citizens. As a result, the EU Commission and US Department of Commerce were tasked with negotiating a new agreement that would address these concerns.

How does the EU-US Privacy Shield 2.0 differ from its predecessor?

The EU-US Privacy Shield 2.0 includes several new provisions aimed at ensuring the protection of EU citizens data when transferred to the US. These provisions address issues such as access to data by US authorities, redress mechanisms for EU citizens, and oversight by both US and EU authorities. The agreement also includes a joint review mechanism to monitor its implementation and address any potential concerns that may arise.

What are the implications of the new data transfer pact for businesses?

The approval of the EU-US Privacy Shield 2.0 provides much-needed clarity for businesses that rely on transatlantic data transfers. With the previous Privacy Shield agreement invalid, many companies were left in limbo regarding the legality of their data transfer practices. The new agreement puts in place a formal framework for data transfers that is compliant with EU data protection laws, giving businesses the legal certainty they need to continue operating across borders.

What are the next steps for the EU-US Privacy Shield 2.0?

As the EU-US Privacy Shield 2.0 has now been approved by the European Union, the next steps will involve the formal adoption of the agreement by both US and EU authorities. Once adopted, companies can begin self-certifying under the new framework to demonstrate their commitment to protecting EU citizens data when transferred to the US. The joint review mechanism will also play a key role in monitoring the implementation of the agreement and addressing any concerns that may arise in the future.

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EU sanctions new deal on data sharing with US.