FTC official: Privacy Shield seen as 'adequate' for meeting tough new EU privacy rules

An existing agreement between the United State and European Union on protecting personal information -- known as Privacy Shield -- should satisfy requirements for U.S. companies concerned about complying with tough EU data rules that go into effect in two months, according to a senior Federal Trade Commission official.

And, while the EU General Data Protection Regulation is slated to take effect on May 25, U.S. officials and companies are pointing to a voluntary system -- the Asia-Pacific Economic Corporation’s...