EU top court rejects EU-U.S. data transfer tool, backs another tool

Europe's top court on Thursday rejected a key EU tool used to transfer Europeans' personal data across the Atlantic for commercial use but upheld the validity of another tool used by hundreds of thousands of companies to transfer data worldwide.

LUXEMBOURG - Europe’s top court on Thursday rejected a key EU tool used to transfer Europeans’ personal data across the Atlantic for commercial use but upheld the validity of another tool used by hundreds of thousands of companies to transfer data worldwide.

“The Court of Justice invalidates Decision 2016/1250 on the adequacy of the protection provided by the EU-US Data Protection Shield,” the court said. “However, it considers that Commission Decision 2010/87 on standard contractual clauses for the transfer of personal data to processors established in third countries is valid.”Reporting by Foo Yun Chee and Marine Strauss

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Spotify expands to Russia and Eastern EuropeMusic streaming service to begin offering free and subscription services in 13 new markets. Strong growth during the global pandemic convinced Spotify to move ahead with the launch plans, executives said.
Read more »

Apple wins backing of EU court over 13 billion euros in unpaid taxes
Read more »

Tech stocks push Europe lower after Wall Street tumblesEuropean stocks opened lower on Tuesday, hit by a drop overnight on Wall Street following a flare-up in U.S.-China tensions and new coronavirus restrictions.
Read more »

Sobering Economic Data From Europe, Asia Dash Hopes for Swift RecoveryEarly data suggest the recovery from the economic crisis precipitated by the coronavirus pandemic could take longer than originally hoped, with countries facing a long slog to recover lost jobs and income.
Read more »

As Britain bans Huawei, U.S. pressure mounts on Europe to follow suitBritain&39;s decision to ban China&39;s Huawei from its 5G network increases further pressure on EU countries to impose stricter limits on the world&39;s largest telecoms equipment maker just as the company expands its footprint across Europe. Prime Minister Boris Johnson announced the Huawei ban
Read more »