EU investigation into AWS and Azure could threaten lucrative cloud contracts with EU bodies
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European regulator seeks to close data protection loopholes
& AssetsEU investigation into AWS and Azure could threaten lucrative cloud contracts with EU bodies
An EU probe into AWS and Microsoft could see EU institutions and agencies move away from cloud services provided by the US firms and switch to EU-based hosting instead.
[This is the third of three articles in a series on policy priorities for Transatlantic Relations. Read articles one and two here.]
In a few weeks, President Biden will meet with European Union leaders in Brussels. With global economic recovery a priority, and bilateral trade and digital cooperation on the agenda, one test of whether the renewed U.S.-EU partnership can deliver results is the conclusion of a new Privacy Shield. A new pact will inject much needed certainty into the transatlantic economy, which relies on the ability of all firms to transfer personal information from Europe to the United States. Without a new Privacy Shield, U.S. exports and American affiliates in the EU will continue to be targeted by privacy regulators and other proponents of forced data localization. U.S. businesses will consequently face diminished access to a market of 450 million consumers, threatening American competitiveness and million
Organizations are closely tracking which of their vendors previously relied on Privacy Shield. Separately, they are preparing Transfer Impact Assessments (“TIAs”) to evaluate and.
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It has been reported that European Commission will publish the final versions of new forms of Standard Contractual Clauses (“SCCs”) shortly (even potentially within the next few days)..