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
BSA 소개
소프트웨어 연합(Business Software Alliance, 이하 BSA)(www.bsa.org)은 각국 정부를 대상으로 세계 시장에서 전 세계 소프트웨어 업계를 대변하고 옹호하는 선도적 연합체입니다. 세계의 가장 혁신적 기업들이 회원사로 참여하며 경제에 활기를 불어 넣고 현대의 생활을 향상시키는 소프트웨어 솔루션을 만들어 내고 있습니다.