Trusting in data privacy regulation and management with OneTrust
There’s a complex tapestry of data privacy legislation being woven across the world at the moment, with different local, national and intra-national governments introducing varying structures, guidance, and expectations.
While we can trace a number of these new regulations to the EU’s General Data Protection Regulation (GDPR), countries across the Asia Pacific region are taking the time to reassess their data protection policies and procedures. In Australia, for example, there are now mandatory data breach reporting laws in place, a new set of personal data protection laws enacted in Singapore, and countries from New Zealand to China (which has surprisingly strong data protection measures) are enacting their own standards.
Many of these pieces of legislation are similar in general tone and aim, but the specific implementation of each is highly nuanced – it’s this highly complex picture that OneTrust can help decipher and manage.
The company is the world’s leading supplier of privacy management software, and it helps companies manage their compliance policies and adhere to the world’s various privacy laws.
Data privacy is a hot topic right now, and many companies have been caught ill-equipped to deal with the complexity of global requirements. It’s here that OneTrust’s platform can help make sense of the complex situation, and work to keep on the right side of the law.
The different jurisdictions in which many companies operate mean that there are often conflicting laws to be adhered to. For instance, a data breach in Australia is required to be ameliorated and then reported to the authorities within 30 days, but if it effects a European citizen, the GDPR requires disclosure of any data breach within 72 hours – even before any amelioration measures.
With OneTrust, companies can develop the new gold standard of a business’s worth – trust. And trust is what an organisation needs to build, driven by its meticulous approach to data privacy.
In short, organisations are using the OneTrust platform to learn how better to manage global privacy initiatives, and as a result are earning the trust of their customers, of their potential customers, and of their partners and suppliers.
Complying with the range of data privacy measures across the globe can be very labour intensive, and the OneTrust platform provides the technology to manage comprehensive global privacy programs, including process audit and formulation, data mapping, risk assessment, and jurisdiction tracking.
With companies struggling to develop even an overview of data privacy policies using emailed office documents (and a piecemeal approach), the OneTrust platform is a place where the Compliance Officer or Data Protection Officer can centralise and manage all data policies. Crucially too, the OneTrust solution is the source of templated reports suitable for internal or external consumption, at any level.
The OneTrust suite of solutions highlights data processes in the most complex of organisations and makes data management and security part of the company’s eco-system.
The outcome is the assurance of trust. And in today’s data-driven commercial environment, trust is worth its weight in gold.
To learn more about OneTrust, and how its platform can help you maintain compliance and ensure your data interchanges are safe, secure & in line with shifting legislation, get in touch with a representative today, request a demo, or start a free trial.