- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The U.S. Federal Trade Commission this month brought its first cases enforcing the EU-U.S. Privacy Shield, which was put in place last year to replace the U.S.-EU Safe Harbor framework.
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Four companies have reached settlements with the Federal Trade Commission for allegedly misrepresenting their participation in the EU-U.S. Privacy Shield framework.
The Federal Trade Commission is warning over a dozen companies in the form of letters not to falsely claim participation in the EU-U.S. Privacy Shield program.
Data governance has become a key concern for companies, especially when the EU AI Act and General Data Protection Regulation have put a premium on handling data responsibly and ensuring that artificial intelligence does not cause harm.
