U.S. Federal Trade Commission Director of the Bureau of Consumer Protection Andrew Smith said the renewal of the EU-U.S. Privacy Shield agreement is a top priority for the agency, The National Law Journal reports. Smith cited the recent enforcement actions against companies that falsely claimed they were certified under Privacy Shield as evidence the FTC takes the agreement seriously. “It’s an extremely important arrangement that Commerce and the [European Commission] have agreed to, and it supports hundreds of billions of dollars in transatlantic data flows. We at the FTC have an important role to play because we are the ones who are responsible for enforcing that Privacy Shield framework against companies that fail to adhere to it,” Smith said. (Registration may be required to access this story.)
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