Companies that falsely claimed Privacy Shield participation settle with FTC

The Federal Trade Commission has reached a settlement with three companies that falsely claimed participation in the U.S.-European Union Privacy Shield -- which underpins transatlantic data flows for over 2,000 companies.

The FTC touted the cases as proof of its commitment to aggressively enforce the Privacy Shield framework. The cases are the first enforcement actions brought under the Privacy Shield and the finalized settlement comes just over a month after the European Commission issued a report stating that the framework...