European Commission Announces New Data Transfer Agreement with US

European Commission Announces New Data Transfer Agreement with US

BY  
Seneca ESG  
- July 12, 2023

The European Commission has announced a new data transfer agreement with the United States, replacing two previous agreements that were invalidated by Europe’s top court, as reported by Reuters on July 10. The new agreement is aimed at facilitating the transfer of Europeans’ personal data across the Atlantic for commercial purposes. The European Commission claims that the measures taken by the United States provide an adequate level of protection for European data. These measures include limiting the access of U.S. intelligence services to EU data to what is deemed necessary and proportionate, as well as the establishment of a Data Protection Review Court for European citizens. Commission President Ursula von der Leyen believes that the new framework will ensure secure data flows and provide legal certainty to companies on both sides of the Atlantic.

However, privacy activist Max Schrems’ organization, noyb, has criticized the new agreement and announced its intention to challenge it. Schrems argues that the revision is insufficient and that changes in U.S. surveillance law are necessary to address the concerns raised by the Court of Justice. Despite being weary of the legal back-and-forth, Schrems stated that they have various options for a challenge and expect the matter to return to the Court of Justice in the near future. The European Data Protection Board (EDPB), an EU privacy watchdog, also expressed dissatisfaction with the new agreement earlier this year and called on the European Commission to take further action to protect the privacy rights of Europeans. The previous data transfer agreements were nullified due to concerns about U.S. intelligence agencies accessing the private data of European individuals.

Sources:

https://www.reuters.com/technology/eu-announces-new-us-data-transfer-pact-challenge-ahead-2023-07-10/

https://www.wsj.com/articles/eu-approves-data-transfer-deal-with-u-s-averting-potential-halt-in-flows-7a149c9

https://commission.europa.eu/law/law-topic/data-protection/international-dimension-data-protection/eu-us-data-transfers_en

今天就开始使用Seneca ESG工具包

监控投资组合中的ESG表现,创建自己的ESG框架,并做出更明智的商业决策。

Toolkit

Seneca ESG

感兴趣?立即联系我们

请填写右侧表单或直接通过以下邮箱与我们联系

sales@senecaesg.com

新加坡办公室

7 Straits View, Marina One East Tower, #05-01, Singapore 018936

+(65) 6223 8888

巴塞罗那办公室

Carrer de la Tapineria, 10

Ciutat Vella, 08002, Barcelona, Spain

+34 612 22 79 06

台北办公室

77 Dunhua South Road, 7F Section 2, Da'an District Taipei City, Taiwan 106414

(+886) 02 2706 2108

利马办公室

Av. Santo Toribio 143,

San Isidro, Lima, Peru, 15073

(+51) 951 722 377