Miriam Wugmeister spoke to Bloomberg Law about the Court of Justice of the European Union’s decision that invalidated an information-transfer pact known as the EU-U.S. Privacy Shield, forcing companies to rethink how they move data across the Atlantic.
Companies that don’t update their privacy policies risk Federal Trade Commission enforcement for not living up to privacy promises, and businesses may even want to consider keeping their European data within the bloc. Keeping data in Europe, however, risks that the bloc is “going to turn itself into an information island,” Miriam said.
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