Late last week, the International Trade Administration — an arm of the U.S. Department of Commerce — released a list of nearly 40 companies that have been approved under the EU-U.S. Privacy Shield. A DOC spokesman said the list would be updated on a rolling basis, adding, “There are nearly 200 applications currently involved in our rigorous review process.” However, the Wall Street Journal reports that businesses have been slow to join the agreement, mostly due to a lack of legal uncertainty in the EU. PwC’s Jay Cline, CIPP/US, said, “we don’t expect a stampede to join it in the next few days, but rather a steadily growing wave over the long run, especially if European companies begin to favor Privacy Shield membership in competitive bids.” (Registration may be required to access this story.)
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