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JUL 16, 2020 | US | EUROPEAN UNION

Factbox: Reaction After EU Court Strikes Down Transatlantic Data Transfer Deal

Reuters, July 16, 2020

Europe’s top court on Thursday quashed a transatlantic data transfer deal for the second time because of US surveillance concerns in a ruling that could disrupt thousands of companies that rely on the pact.

The ruling effectively ends the privileged access companies in the United States had to personal data from Europe and puts the country on the same footing as other nations outside the 27-country bloc.

BSA | The Software Alliance, a software industry lobby group, said: ”The good news is that SCCs (Standard Contractual Clauses) remain valid. But today’s Privacy Shield decision will create challenges for more than 5,300 businesses, 70% 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,” said Victoria Espinel, CEO and President.

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Original Posting: https://www.reuters.com/article/us-facebook-privacy-eu-reaction-factbox/factbox-reaction-after-eu-court-strikes-down-transatlantic-data-transfer-deal-idUSKCN24H1QV?il=0

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