Today, Engine Executive Director Evan Engstrom issued the following statement on the European Commission’s final approval of the EU-U.S. Privacy Shield:
“In the months since the original Safe Harbor agreement was invalidated by the European Court of Justice, the startup community has been in legal limbo awaiting resolution. The approval of this revised trans-Atlantic data-transfer framework brings much needed certainty for American startups with European users. The new Privacy Shield agreement builds off of important U.S. surveillance reforms and includes enhanced privacy provisions and procedures for ensuring compliance. We are appreciative of the efforts of the European Commission and the U.S. Department of Commerce to craft an agreement that restores stability to the international data exchanges that keep the Internet working, and we are optimistic that it will provide the legal certainty on which startups depend.”
Read more from Engine on Privacy Shield:
Tech Companies Take Stock of the Brexit
EU and U.S. Policymakers Agree on Safe Harbor 2.0, Ending Months of Uncertainty for Startups
What the EU Data Safe Harbor Ruling Means for Startups
