Overview
The EU-U.S. Privacy Shield once facilitated the transfer of personal data between the European Union and the United States for commercial purposes. However, the Schrems II ruling invalidated the Privacy Shield, along with similar frameworks like Safe Harbor, on the grounds that they failed to provide adequate protection for EU citizens' data under the General Data Protection Regulation (GDPR). As a result, EU companies are now responsible for independently ensuring the security of customer data.
The ruling mandates a comprehensive reassessment of cross-border data transfers, particularly with countries like the U.S., and imposes stricter requirements for safeguarding personal data.
How Fortanix Helps
Cryptographic Posture Management
Manage assets and vulnerabilities by discovering, assessing, and remediating your encryption key security gaps. Get powerful insights into your cryptographic security posture across multi-cloud and on-prem environments for a complete inventory and visibility.
Data Security Platform
Protect your information systems with data encryption across databases, virtual machines, filesystems, and multi-cloud for complete security and compliance without performance loss and at scale. With data tokenization in place, replace sensitive data to prevent data exposure while putting it work.
Encryption Key Management
Meet cybersecurity requirements for cryptography with centralized and simplified key lifecycle management for the hybrid multicloud, through a single-pane-of-glass. Store keys in natively integrated FIPS 140-2 level 3 certified HSM, available on-premises or SaaS.
Secure AppDev
Enforce secure code standards across the storage, control and management of secrets, credentials, certificates, API keys, and tokens from a centralized solution with enterprise-grade controls. Cryptographically sign code to verify the authenticity and integrity of applications, ensuring they are not altered or corrupted.
Zero Trust Architecture
Implement essential cybersecurity controls with granular Role-Based Access Controls and other advanced operational and security features. Ensure that only authorized users can access encryption keys or see decrypted data for a specified duration of the business case.
Featured Resource
Whitepaper: Schrems II Compliance
Highlights
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