Back in February, the European Commission and the US Department of Commerce reached an accord on a new transatlantic data transfer protocol.

Nicknamed the EU-US Privacy Shield (Privacy Shield), there were high hopes that the framework would replace the 15-year-old Safe Harbor, which was invalidated by the European Court of Justice (CJEU) last year.

The announcement was met with an initial sigh of relief from those in the tech sector who had been relying on the now-defunct Safe Harbor for transferring data from the European Union.

However, whilst it appeared significant progress had been made, a recent rejection of the Privacy Shield by the Article 29 Working Party (Working Party), the group composed of representatives of the EU national data protection authorities, has arguably put matters back and underlined that the Privacy Shield is certainly not the silver bullet many of its advocates initially considered it to be.

Read more: Here’s What You Need to Know About the EU-US Privacy Shield