Update - August 2, 2016: the framework for Privacy Shield is now available online, and companies can register to participate
original post :. the Privacy Shield, a data transfer agreement between the United States and the European Union came into force today that the European Commission formally adopted it. The previous agreement in place, Safe Harbor, was struck there over 8 months due to EU concerns were about surveillance.
As noted by The Verge, the confidentiality shield agreement "puts safeguards on how the US authorities can access the data of European consumers, and creates a framework for resolving cases where Europeans feel that their personal data has been misused. "the agreement applies to data that moves across borders, as technology companies (and others) the conduct of trans-Atlantic affairs. TechCrunch describes the law as a "balance", in that it attempts to bridge the gap between different data processing policies of the US and the EU. In general, EU policies are more stringent, and leave less room for monitoring. Four EU members - Austria Slovenia Bulgaria and Croatia - did not vote on the Privacy Shield due to continual concerns about US oversight
Here's how it works
US companies are. self-certify that they meet the data standards, and the Department of the United States Trade conducts compliance examinations. Rules include restrictions on bulk data collection and monitoring regarding access to EU data, but if the EU believes privacy has been violated, they have the opportunity to file complaints. US companies have until August 1 st to "certify compliance."
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Many high-tech companies are for the Privacy Shield, as it provides data protection, but also enables enterprises and trade to function effectively across continents. Some groups privacy rights wonder if it will have an impact, however, . and many (especially in Europe) still have concerns about surveillance that could be activated under this law. Max Schrems, who challenged Safe Harbor Privacy Shield is also against, and called it "a little more than a little upgrade. "" It is very likely to fail again as soon as he reached the ECJ. This agreement is bad for users, who do not enjoy the protection of adequate and poor privacy for companies that are facing a legally unstable solution, "he said. It is still unclear how many companies sign this agreement, but we are sure to provide updates to the continued adoption. You can also learn more in the official FAQ document
Sources :. Fortune, TechCrunch, The Verge
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