A broad coalition of industry federations – including Insurance Europe – has published a joint statement raising serious concerns about a set of draft recommendations published by the European Data Protection Board (EDPB) in the wake of the European Court of Justice Schrems II decision.
The court’s decision invalidated the EU-US “Privacy Shield” and cast
doubt upon the use of other available tools, such as standard
contractual clauses (SCCs), for transferring personal data outside of
the EU.
However, while the EDPB’s draft recommendations aim to offer clarity,
they will in fact make it unnecessarily difficult for businesses to
transfer data outside the EU, which will hamper the competitiveness of
European businesses on the world stage.
The EDPB should instead take a more risk-based approach – a
fundamental pillar of the General Data Protection Regulation – when
drafting its final recommendations and allow businesses to continue to
rely on contractual and organisational means. The recommendations should
also encourage the development of workable technical solutions, rather
than an overreliance on methods such as encryption.
Joint statement
Insurance Europe
© InsuranceEurope
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