When Europe’s top court scrapped the European Commission’s second attempt at establishing a cast-iron mechanism to ensure secure data transfers across the Atlantic, businesses knew there would be a price to pay.
Following a list of “frequently asked questions” issued on July 24 by the European Data Protection Board (EDPB), the EU body in charge of regulating Europe’s compliance with data privacy and the General Data Protection Regulation (GDPR), however, it became apparent the legal and financial burden for companies might actually be worse than first thought.
