New UK-US “data-bridge” hopes to boost transatlantic trade
Personal “data bridge” looks to boost trade and innovation between US and UK
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A so-called “data bridge” has been established between the UK and US, allowing a smoother transfer ofpersonal databetween the US and UK while still adhering to GDPR guidelines.
Previously, the transfer of personal data from the UK to regions outside of the EU involved a complex bureaucratic requirement known as a Transfer Risk Assessment (TRA).
The introduction of thisnew data bridgeshould allow businesses to transfer personal data more freely, enhancing efficiency, economic outlook and confidence when dealing with data privacy.
Reason to rejoice or cause for concern?
Data privacy has been a bit of a minefield for businesses looking to operate between the US and the UK, but this new legislation should help iron out some of the creases involved in transatlantic trade.
The agreement is built upon asimilar agreementbetween the EU and US, while still respecting differences in UK andEU GDPRguidelines post-Brexit. Both parties are hopeful that the agreement will not only boost trade in digital commerce, but also strengthen the relationships between businesses.
The UK department for Science, Technology and Innovation says that the data bridge will “unlock growth for businesses, allow us to share crucial information for life-saving research, and encourage science and innovation across borders”.
However, as this new agreement rests upon the framework of the EU-US deal there is worry it could all come crashing down, as EU personal data is not as rigorously protected in the UK as it is in the bloc. It wouldn’t be the first time such a deal has been struck down by EU courts, as happened in 2015 and 2020.
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There are further concerns that the UK government’s recent attempts to remove thered tape surrounding personal data, in the form of the Data Protection and Digital Information bill (currently making its way through Parliament), could threaten the UK’s data privacy adequacy status with the EU risking already tenuous trade relationships.
Whether these data agreements will foster a new era of innovation and trade remains to be seen, but it is certainly something that UK businesses should keep a close eye on.
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Benedict has been writing about security issues for over 7 years, first focusing on geopolitics and international relations while at the University of Buckingham. During this time he studied BA Politics with Journalism, for which he received a second-class honours (upper division), then continuing his studies at a postgraduate level, achieving a distinction in MA Security, Intelligence and Diplomacy. Upon joining TechRadar Pro as a Staff Writer, Benedict transitioned his focus towards cybersecurity, exploring state-sponsored threat actors, malware, social engineering, and national security. Benedict is also an expert on B2B security products, including firewalls, antivirus, endpoint security, and password management.
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