On July 16, 2020, the Court of Justice of the European Union issued its decision in the data privacy case brought on by Max Schrems . The Court’s decision invalidated the Privacy Shield Framework as a valid mechanism to conduct data transfers from Europe to the U.S. At issue is concern over U.S. government access to private sector E.U. data. The decision adds additional burdens on companies by requiring case-by-case analysis to ensure that in the process of transfer, the strict data protection rights of Europeans are respected.
Steve Stein, KPMG Principal, in conversation with Doron Rotman, KPMG Advisory Managing Director, discuss the lead-up to this decision and its immediate and far-ranging implications on global commerce. A step-by-step process is outlined around how to oversee the proper transfer of personal data, and what privacy professionals can do to help minimize corporate risk in the collection and transfer of data.
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