"Privacy Shield" Open For Business - Fees?
The certification forms for the new US-EU Privacy Shield Framework are now available online. What is not easily discernible in the workflow is the fee structure. One needs to refer back to the Federal Register's implementation notice, published July 22. To save our readers the trouble, here is the "cost recovery program":
| Organization's annual revenue | Annual fee |
| $0 to $5 million | $250 |
| Over $5 million to $25 million | 650 |
| Over $25 million to $500 million | 1,000 |
| Over $500 million to $5 billion | 2,500 |
| Over $5 billion | 3,250 |
Author
Cynthia J. Larose
Member / Co-Chair, Privacy & Cybersecurity Practice
Cynthia J. Larose is Chair of the firm's Privacy & Cybersecurity Practice, a Certified Information Privacy Professional-US (CIPP-US), and a Certified Information Privacy Professional-Europe (CIPP-E). She works with clients in various industries to develop comprehensive information security programs on the front end, and provides timely counsel when it becomes necessary to respond to a data breach.