EU Data Privacy Transfer Mechanism for Third Countries
Greetings and best wishes for a secure, privacy, and compliant new year for you, your loved ones, and your business!
The European Union and the United States entered into the EU-US Privacy Shield Framework, which enables US businesses to obtain personal data from the EU in accordance with EU data protection rules. However, Schrems II, which the EU Court of Justice rejected in July 2020, is no longer in use. This makes it impossible for companies to use it to move personal data from the EU to the US.