Privacy Shield 2.0: Data Protection Law May Benefit Businesses – Search Engine Journal
United States President Joe Biden signed an Executive Order this month to implement the European Union (E.U.) & United States data privacy framework known as Privacy Shield 2.0.
Privacy Shield 2.0 reestablishes a legal way for personal data to flow from the USA to Europe. The Executive Order follows more than a year’s talks between American and European negotiators.
Additionally, Privacy Shield 2.0 follows two rejections of previous transatlantic data transfer agreements by the E.U. Court of Justice — one in 2015 and the other in 2020.
To understand better what the new data privacy framework means for businesses, it helps to know how and why the Privacy Shield 2.0 agreement came about in the first place.
Here’s a timeline of events leading up to the signing of the Executive Order, followed by an analysis of how the framework may assist businesses.
Privacy Shield 2.0: Timeline Of Events
- 2000: U.S. & E.U. established the Safe Harbor Framework to protect data transfers…
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source: https://news.oneseocompany.com/2022/10/12/privacy-shield-20-data-protection-law-may-benefit-businesses-search-engine-journal_2022101233010.html
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