GDPR Privacy Privacy Shield

40% of EU companies stop to move non-personal data beyond its borders

An economic study commissioned by Computer and Communications Industry (CCIA Europe) finds that the envisaged international transfer requirements could lead to as many as 40% of the polled EU companies to stop moving non-personal, commercially sensitive data to jurisdictions beyond its borders, implying a GDP loss of 79 billion euros per year. This finding contrasts, however, with another recent survey finding that three-quarters of companies subject to the personal data transfer rules of the GDPR nonetheless have continued transfers from the EU, despite the demise of Privacy Shield.