CIOs should hope for the best but prepare for the worst when transferring personal information across the Atlantic. That’s the advice of experts watching the European Commission conduct its second annual review of the Privacy Shield data-sharing agreement.
Privacy Shield allows businesses to export the personal information of their customers or employees to the U.S. while still complying with the EU’s strict privacy laws, and replaced the Safe Harbor Agreement, which was invalidated by the EU’s top court in October 2015.
The Commission made 10 recommendations for improvement in its first review last October, and if it is unhappy with the response of the U.S. administration to these, it could theoretically suspend or cancel the agreement.
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