Meta fine highlights EU, US data sharing challenges
Meta’s recent $1.2 billion euro fine serves as a warning to businesses of the ongoing data privacy issues between the U.S. and European Union, despite the two countries reaching an agreement last year on a new framework to facilitate legal data sharing.
In 2020, the Court of Justice of the European Union struck down a previous agreement for data sharing, called the EU-U.S. Privacy Shield, following the Schrems II court ruling that took issue with the way the U.S. government was handling EU personal data. Removal of the EU-U.S. Privacy Shield framework left companies in legal limbo when it came to the exchange of data between the EU and U.S. …