The European Data Protection Board issued its highly anticipated final recommendations on supplementary measures for data transfers this week. The recommendations outline a process that organisations can follow to transfer personal data outside the European Economic Area to ensure compliance with the Schrems II ruling. "Those who hoped to see the EDPB move away from the dogmatic position it had staked out in its draft recommendations will be pleased to see that the final recommendations embrace a more risk-sensitive approach."
In related news, EURACTIV reports on a study that found restricting data flows to Europe could lead to two trillion euros worth of economic damage by 2030. However, a more positive scenario where the EU establishes a GDPR-compliant data transfer mechanism would result in a 2% annual boost of EU exports, contributing to an additional 0.6% GDP growth per year.
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