EU and US issue joint statement on the Third Annual EU-U.S. Privacy Shield Review
U.S. Secretary of Commerce Wilbur Ross and EU Commissioner for Justice, Consumers, and Gender Equality Věra Jourová made the joint statement regarding the third annual joint review of the EU-U.S. Privacy Shield Framework.
Officials stated that Privacy Shield ensures that participating companies and relevant government authorities provide a high level of protection for the personal data of EU individuals. The Department of Commerce will revoke the certification of companies that do not comply with Privacy Shield’s vigorous data protection requirements.
The European Commission will publish a report on the functioning of the Privacy Shield. This report will conclude this year’s review process.