Nearly 2 out of 3 surveyed are seeing an uptick in Data Subject Requests, while more than 70% are only moderately confident they’re in full compliance
Transcend, the one-stop platform that makes it easy to encode privacy across a company’s tech stack, today announced the results of its latest survey of decision makers (C-Suite, VP, Director, Manager) from fintech, e-commerce, and B2C organizations on privacy compliance. Nearly 2 out of 3 of those surveyed indicate that they are seeing an uptick in Data Subject Requests, while more than 70% of those surveyed indicate they are only moderately sure they’re in full compliance with relevant regulations.
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“In serving hyper-growth customers, we have seen how critical it is to have a clear, unified, and actionable platform for managing a company’s personal data—not only to meet compliance requirements but to power a privacy program’s operations”
“Privacy compliance is getting increasingly technical in a company’s tech stack. It’s clear that the status quo and band-aid fixes remain a significant problem for legal and engineering teams as they look to realize a full privacy posture. Industry data shows that compliance challenges continue to plague the industry, as more consumers exercise their data rights and new waves of privacy laws increase operational complexity,” said Ben Brook, Transcend’s co-founder and CEO.
In response to the continued business need, Transcend is also excited to introduce another facet of its unified privacy platform—a Data Mapping product for Record of Processing Activities (ROPA) compliance. Transcend’s Data Mapping is the only unified, collaborative platform that keeps tabs on all data records, owners, and systems changes, with actionable privacy governance embedded—offering legal and privacy teams full automation, from fulfilling privacy requests to auto-generating a company’s ROPA record.
“In serving hyper-growth customers, we have seen how critical it is to have a clear, unified, and actionable platform for managing a company’s personal data—not only to meet compliance requirements but to power a privacy program’s operations,” said Brook. “That’s why I’m so excited to introduce Data Mapping product for ROPA compliance, which goes beyond anything else on the market today.”
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