The so-called Privacy Shield could expose U.S. companies to more aggressive enforcement and stiffer fines.
February 03, 2016 at 07:17 PM
1 minute read
SAN FRANCISCO — The European Commission and the U.S. Department of Commerce on Tuesday announced a new framework to govern the cross-border transfer of digital data.
The “EU-US Privacy Shield” would replace the Safe Harbor pact that was struck down in October by the European Court of Justice. Details of the agreement will be finalized in the next two weeks. In the meantime, privacy lawyers agree on one message: get ready for stronger enforcement.
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