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Financial Services Law Insights and Observations

FTC Announces Final Approval of Settlements With Companies Over EU-U.S. Privacy Shield False Certification Claims

Privacy/Cyber Risk & Data Security Enforcement FTC Settlement

Privacy, Cyber Risk & Data Security

On November 29, the FTC announced it had approved final settlements with three companies over allegations that they falsely claimed  participation in the European Union-U.S. Privacy Shield (EU-U.S. Privacy Shield) framework. (See previous InfoBytes coverage here.) The settlements mark the FTC’s first EU-U.S. Privacy Shield enforcement actions following the EU’s finalization and adoption in July 2016 (as covered by InfoBytes) of the EU-U.S. Privacy Shield Framework, which established a mechanism for companies to transfer consumer data between the EU and the U.S. in compliance with specified obligations.

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