US companies should welcome Tuesday’s announcement of a new legal framework for moving personal data between the United States and the European Union, according to data privacy lawyers. While details of the eleventh-hour agreement are still emerging, if it holds up in court, it will likely offer clarity about how to handle customer data—the lifeblood of modern companies. The resolution also averts a scenario in which European regulators could have brought enforcement actions against U.S. companies over their data protection practices.
In case you missed the news, European officials announced that they’ve hammered out a legal framework with U.S. regulators, known as the EU-U.S. Privacy Shield, that governs how companies can move customer data back and forth across the Atlantic. According to the European Commission, the agreement places stronger obligations on U.S. companies to protect data—obligations that the U.S. Federal Trade Commission can enforce. The pact also calls for the appointment of a U.S. government ombudsman, independent of intelligence agencies, to hear complaints from Europeans about misuse of data.
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