Britain voted in favor of leaving the EU at a time when Europe is facing existential threats from an ongoing migrant crisis and the specter of a Grexit, to the geopolitics challenges posed by a newly aggressive Russia. But the Brexit vote also came during a time of transition for the EU’s data privacy laws—the recently approved General Data Protection Regulation (GDPR) will modernize data laws across the continent by 2018, while the pending finalization of Privacy Shield will soon herald in a new paradigm for trans-Atlantic data transfers between Europe and the U.S.

But now that Britain may be on its way out, what does this means for such a transition?