JUL 16, 2020 | US | EUROPEAN UNION
US Companies Left Scrambling After EU Data Transfer Pact Dies
Bloomberg Law, July 16, 2020
By Daniel Stoller
Thousands of US companies will have to rethink how they move data out of the EU after the bloc’s top court invalidated the EU-US Privacy Shield data transfer pact.
The Court of Justice of the European Union Thursday invalidated the data transfer mechanism that allowed thousands of companies to self-certify to send data from the European Union to the US. The court allowed businesses to continue to rely on standard contractual clauses to move data out of the bloc.
“The good news is that SCCs remain valid,” said Victoria Espinel, CEO and president of BSA | The Software Alliance. “But today’s Privacy Shield decision will create challenges for more than 5,300 businesses, 70 percent of which are SMEs, across a range of sectors at a time when the ability to send data abroad is crucial to the economic recovery from COVID-19.”
Original Posting: https://news.bloomberglaw.com/privacy-and-data-security/u-s-companies-left-scrambling-after-eu-data-transfer-pact-dies
关于 BSA
The Business Software Alliance (www.bsa.org) 是全球软件行业的主要倡导者，旨在代表该行业，向政府和国际市场发声。其成员包括全球最具创新力的公司，这些公司制定的软件解决方案，不但能够刺激经济，还能提升现代生活的品质。