The US and EU Agree on Data Privacy
Last year, the US and the EU agreed on a Data Privacy Framework, but experts found that it required additional policies to address the “critical data protection.”
The Data Bridge Extension
In response to the concerns raised by experts, a new “data bridge” extension has been proposed to the framework. This extension will involve clearer definitions and more specific protections for personal data transferred between the two regions of the globe.
Why is it Important?
This extension is important for tech companies as it will provide clarity on the type of data protection measures that need to be in place for them to comply with EU and US regulations. This will ensure that tech companies avoid huge fines resulting from data breaches and improve customer trust by providing a higher level of data protection.
Next Steps
The extension still needs to be approved by a new committee that will be set up in the next few months to oversee the Data Privacy Framework established last year. Following its approval, companies will need to assess their privacy policies and ensure compliance with the new regulations.
Summary:
The US and EU have proposed a “data bridge” extension as an addition to the Data Privacy Framework established last year. This extension promises more clarity and specific protections for personal data transferred between the two regions. The extension will need to be approved by a committee in the next few months before compliance implementation by participating tech companies.
But hey, at least now we’ll all know how to keep our data under lock and key or risk getting fined! #privacyplease #databridge #techdadhumor
Original Article: https://www.infosecurity-magazine.com/news/uk-us-deal-personal-data/
