Navigating US-EMEA Data Privacy Rules
US and European Union regulators are wrestling with mountains of red tape as they hammer out a data “Privacy Shield” agreement reached this month to preserve $260 billion of transatlantic trade in digital services.
The question, re-opened in October when the European Court of Justice nullified the 15-year old “Safe Harbor” agreement: how best EU citizens can monitor and challenge usage of their personal data. To answer this, the US government has committed to a new State Department ombudsman, aggressive policing by the Federal Trade Commission and a massive new compliance database at the Department of Commerce.
Things will get even trickier for the private sector on both sides of the pond. Companies need to transparently sort and monitor usage of EU customer records, demonstrating that only authorized actions are taken on information that comes to the US – without prohibitive cost.
Read more at ODBMS.org.