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You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.Extract of article by Peter Merkulov
Even with the likelihood that a rewritten Privacy Shield will be adopted by the EU, there remains uncertainty. What is a company to do while waiting for a Privacy Shield agreement that is acceptable to the EU privacy commissioners?
The first step is for companies to recognize that they remain responsible for the way PII is protected and respected. Privacy Shield will make things easier than they would be otherwise, but compliance and the ongoing maintenance of trust takes effort. That means investing in programs, training and tools required to protect data. In the U.S., companies are already compelled to invest in systems and practices that comply with privacy and data security laws in order to protect the public. According to research firm Gartner, total spending on information security products last year eclipsed $75 billion.
Read the complete article at Privacy Shield in Limbo