What is the EU-US Privacy Shield?

The EU-US Privacy Shield is an agreement between the European Union (EU) and the United States (US). It serves as a framework to ensure the secure transfer of personal data from the EU to the US. The agreement was created in 2016 in order to replace the invalidated Safe Harbor agreement. Under the EU-US Privacy Shield agreement, US companies must comply with certain data protection requirements in order to receive data from the EU. They must provide a clear and adequate notice of their data protection practices, ensure that their data protection is consistent with the laws of the EU, and provide their customers with the right to access and edit their personal data. US companies must also provide an independent third party to investigate and resolve any complaints against them. Furthermore, they must also comply with the Privacy Shield Principles and annually certify their compliance to US authorities. In Mississippi, most businesses that receive data from the EU must comply with the EU-US Privacy Shield. Companies that do not comply may face legal consequences. The US Department of Commerce is the agency responsible for monitoring and enforcing the agreement.

Related FAQs

What is the PCI Data Security Standard (PCI-DSS)?
What is the purpose of the GDPR accountability principle?
How do organizations ensure they are meeting data security compliance requirements?
What is the process for reporting a data security breach?
What is the EU’s General Data Protection Regulation (GDPR)?
What measures should I take to protect myself from data security threats?
What is the role of a data protection officer (DPO)?
What are the GDPR principles?
What is the role of data security in ecommerce transactions?
How do I respond to a data security audit?

What is the EU-US Privacy Shield?

Related FAQs

Related Blog Posts