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FTC Gives Final Approval to Settlements in Privacy Shield Cases

US Federal Trade Commission has given final approval to settlements with four companies over allegations that they falsely claimed certification under the EU-U.S. Privacy Shield framework, which establishes a process to allow companies to transfer consumer data from European Union countries to the United States in compliance with EU law.

As part of the proposed settlements with the FTC, all four companies are prohibited from misrepresenting the extent to which they participate in any privacy or data security program sponsored by the government or any self-regulatory or standard-setting organization, and must comply with FTC reporting requirements. In addition, VenPath and SmartStart must continue to apply the Privacy Shield protections to personal information they collected while participating in the program, protect it by another means authorized by the Privacy Shield framework, or return or delete the information within 10 days of the order.

Source: FTC Gives Final Approval to Settlements with Four Companies Related to EU-U.S. Privacy Shield | Federal Trade Commission