Overview of the EU-US Data Transfer Framework: Opportunities and Challenges
The European Commission's adequacy decision on the EU-US Data Privacy Framework (EU-US DPF) marks a significant step forward for data transfers between the European Union and the United States. With the adequacy finding, certified US entities can now receive personal data from EU counterparts without the need for additional safeguards like the EU Standard Contractual Clauses. While this is undoubtedly positive news for cross-border data flows, businesses must carefully assess the practical implications and challenges associated with compliance under the new framework.