What are the implications of this ruling?
The new ruling will have complex implications for data sharing between the EU and US. The Privacy Shield was created in 2016 and allowed businesses in the European Union and the United States to move data more easily between the two regions. More than 5,000 companies use the system and the economic implications are huge.
On the legal side, American and European officials are expected to negotiate a new deal for transferring digital information between the EU and US. Meanwhile, various business groups are working for a 'grace period' that will allow companies to find new legal mechanisms to continue moving data.
Where can I read more about the privacy shield ruling?
You can read more about the privacy shield ruling in the official Court of Justice of the European Union press release on the matter.
How does the ruling affect systems and service provided by Mono?
As a technology provider, Mono Solutions works on a global basis - both providing systems and services to companies globally, as well as working with third-party providers. The ruling limits our ability to transfer digital information between the EU and the US.
Is Mono still part of the Swiss-US Privacy Shield?
The Swiss-US Privacy Shield is still valid. Therefore, in parallel with the aforementioned initiatives, Mono remains a member of the Privacy Shield framework, which presumably is being updated to comply with the new CJEU ruling.
Is your question not covered in the FAQ?
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