EU-US Privacy Shield gains momentum

22/09/2016
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Some 200 US companies have now been certified to the EU-US Privacy Shield, Ted Dean, Deputy Assistant Secretary for Services at the US Department of Commerce said today at a privacy conference in Germany. Another 300 companies are being reviewed, and around 400 companies have submitted some information.

Companies such as Google, Salesforce and Oracle are now amongst those that have been certified. Companies that have been accepted must renew annually and pay the application fee. The list of certified companies is now available at https://www.privacyshield.gov/list

The grace period is coming to an end on 30 September. Organisations that submit their self-certification before this date will be granted nine-months, starting from the certification date, to ensure that any existing third-party contracts fit under the Shield. Third parties will have to provide the same level of protection as that provided by the Privacy Shield, but do not need to self-certify.

Subscribe to Privacy Laws & Business International Report for a more detailed analysis of the Privacy Shield and how it works for companies. Next issue due mid-October. For information and to subscribe, go to www.privacylaws.com/publications and http://www.privacylaws.com/Subscribe/

 

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