What is the EU-US Privacy Shield?
The EU-US Privacy Shield is an agreement that was created to help ensure that Europeans’ data is protected when being sent to companies in the United States. This agreement is important because it sets forth a framework for protecting and transferring data from the European Union to the United States, while also taking into account the differences in data protection laws between the two regions. Under the EU-US Privacy Shield framework, companies must abide by seven core principles that ensure that European data is protected and safeguarded against unauthorized use. These principles include: data collection must be limited to what is necessary; data must be accurate and up-to-date; data must be protected with appropriate security measures; and data must be accessible to the data subject. This agreement has been in place since 2016 and has been approved by the European Commission, ensuring that US companies have the proper guidelines to follow when handling European data. This agreement is important for New York, as it helps ensure that companies in the state are following the correct data security laws when dealing with customers from the European Union.
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