EU, U.S. Officials Set to Scrutinize Privacy Shield Data Pact

A transatlantic data transfer program that Alphabet Inc.’s Google, Facebook Inc. and thousands of other companies rely on to move data out of the European Union is set to go under the microscope.

Billions of dollars in transatlantic commerce hinge on the EU-U.S. Privacy Shield program, under which U.S. companies can transfer personal data out of the EU if they certify to the Commerce Department that they comply with certain privacy standards. EU and U.S. regulators will meet in Washington, D.C. Sept. 12-13 for an annual review of how well the program is functioning.

“Privacy Shield is at the foundation ...