Beware: Even if your company substantially complies with the Privacy Principles of the US-EU Safe Harbor, failure to annually re-certify can land you in hot water.
Twelve US businesses—ranging from sports teams, to software and consumer product companies, to Internet giants—have recently agreed to settle Federal Trade Commission (FTC) charges that they falsely claimed compliance with the US-EU Safe Harbor, an international privacy framework.
Please see full advisory below for more information.
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Topics: Compliance, Enforcement Actions, EU, FTC, Misrepresentation, Safe Harbors, Telecommunications
Published In: Antitrust & Trade Regulation Updates, General Business Updates, International Trade Updates, Privacy Updates, Science, Computers & Technology Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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