E.U.-U.S. Privacy Shield aims to replace Safe Harbor, and is awaiting final approval from the Article 29 Working Party. Patrick Salyer: New regulations present an opportunity for businesses to cut capital expenditure. The smartest companies will adopt a nimble compliance strategy that is agile enough to store and protect customer data according to regional specifications, while still securely sharing the data with the global enterprise. The good to come out of this is greater trust, confidence and loyalty in the long run among existing and potential customers.”]
Source: https://informationsecuritybuzz.com/articles/eu-us-privacy-shield-can-benefit-business/