Privacy security

Worldwide: What The "EU-U.S. Privacy Shield," The New Safe Harbor, Means For Your Business

European Union and United States authorities have announced the "EU-U.S. Privacy Shield," a new transatlantic data transfer framework to replace Safe Harbor, which was invalidated by the European Court of Justice in October in Maximillian Schrems v. Data Protection Commissioner (C-362-14). Since this issue has clear implications for our pharmaceutical and medical device clients, we've covered it often, including here and most recently here.

The Privacy Shield is still a work in progress, so its final form is uncertain. (There are doubts that the framework will pass muster, with a Minister of the European Parliament calling it "a joke" that risks review before the European Court of Justice again.) Based on what we know at the moment, though, here's what the Privacy Shield means for your business...