JUL 16, 2020 | US | EUROPEAN UNION
Court Kills Landmark EU-US Data Privacy Pact
Axios, July 16, 2020
By Ashley Gold
Europe's highest court blew up the agreement that allows most data transfers between the EU and the US Thursday, creating uncertainty for the tech firms that rely on the pact and likely sending officials scrambling to come up with a replacement, Axios' Ashley Gold reports.
This doesn't mean companies can’t ship data across the Atlantic ever again, but it will certainly be harder now. It signals diverging values around privacy between the US and the EU, which has been critical of the US over its surveillance practices and failure to pass a comprehensive data privacy law.
Trade group BSA said the decision "creates a challenge for more than 5,300" firms that relied on Privacy Shield, 70% of which, it said, are small and midsized businesses.
BSA | The Software Alliance (www.bsa.org) is the leading advocate for the global software industry before governments and in the international marketplace. Its members are among the world’s most innovative companies, creating software solutions that help businesses of all sizes in every part of the economy to modernize and grow.
With headquarters in Washington, DC, and operations in more than 30 countries, BSA pioneers compliance programs that promote legal software use and advocates for public policies that foster technology innovation and drive growth in the digital economy.