In Europe, strict data transmission regulations are now in place. Until today, corporations had the option of transferring data via the Privacy Shield and other model agreements. Meta was using these to store data from European users on US servers, however, this regulation has been overturned in the past.
According to media sources, Meta stated in its most recent filing to the US Securities and Exchange Commission that unless a new framework is devised or the existing model is not allowed to be used, the firm will be unable to provide services similar to Facebook and Instagram in Europe.
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Companies previously used the Privacy Shield Act to send European data to US servers. The European Court, however, revoked it in July 2020.
Meta employs Standard Contractual Clauses to store European customers’ data on US servers in addition to Privacy Shield, although these model agreements are being scrutinized in many other parts of Europe, including Brussels.
According to a story in City AM, John Nolan, Meta’s London-based tech media and advertising communications leader, has not denied the accusations. Nick Clegg, Meta’s VP of Global Affairs and Communications issued a statement, which he posted.
To preserve trans-Atlantic data transfers, in the long run, Nick has stated that businesses require clear, worldwide policies based on robust legislation.
