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Washington, D.C. – IBM (NYSE: IBM) today issued the following statement on the first annual review of the U.S.-E.U. Privacy Shield agreement:
“A successful outcome of the annual review of the EU-US Privacy Shield will be the best result for both the EU and US economies. The foundations of the agreement reached in 2016 remain strong, and this week’s review is an opportunity to re-emphasize the value of transatlantic data flows to commerce that touches all our lives.
Over 2,000 companies have already self-certified under Privacy Shield – many of which are SMEs – demonstrating the importance to companies of protecting EU personal data and adhering to the agreement’s new, more stringent requirements. IBM is fully committed to meeting, and helping its customers to meet, these requirements.
By agreeing to the continuation of the Privacy Shield, European Commissioner Vera Jourova and US Commerce Secretary Ross are leading the way in pro-growth policies for the digital age.”
– Christopher A. Padilla, Vice President, IBM Government and Regulatory Affairs
Ph: (202) 551-9625