On 9 June 2023, Onecompliance is honoured to invite and host data fields professional’s webinar to discuss Rethinking Cross Border Transfer Compliance.
Cross border data transfer is one of the major pain points that most companies suffers regardless whether it is a multiple national companies or small businesses.
Grace Chen from Onecompliance, cited the latest record high fine 1.2 billion Euros to Meta due to its “systemic, repetitive and continuous” infringement on cross border data transfer. From the data regulatory research firm, it is a sign that the supervision data authority already viewed cross border compliance as the enforcement point. However, different jurisdictions has different liabilities burdens to data controllers or processors.
Vivian Zhou, a data scientist and co-founder of Karlsgate, who serves as the chief product officer, expressed her views on privacy-enhancing technology in the field. She believes that the record-high fines imposed on privacy breaches present a new opportunity to prioritize data subject privacy protection while ensuring data integrity and utility.
According to Vivian, certain privacy-enhancing technologies can help address the challenges associated with sharing personally identifiable information across borders, especially in the complex context of differing jurisdictional views on cross-border compliance. These technologies can contribute to solving the issues related to cross-border data transfers.
However, Vivian also emphasized that resolving the challenges of cross-border data sharing requires the involvement of multiple stakeholders. It entails efforts from data supervision authorities, industry management decision-makers, and raising awareness among all parties involved. Technology solutions alone cannot provide a comprehensive resolution to the issue。
Adhiraj SAXENA from IMDA shared about companies in its ‘PET Sandbox’ program gaining hands-on experience with PET solutions including cross border use cases where parties have to navigate compliance requirements from multiple jurisdictions.
Although PET is now being viewed as a very useful and forward solution for data sharing cases. Vivian further shared the pain point from technology industry is how to prove this PET technology reached the satisfactory levels of the applicable data authorities.
Adhiraj shared that the PET Sandbox took a use case centric approach to test the technical and regulatory limits of PET solutions used by a company meeting the applicable data laws and regulations standards.
PET did not yet have a common standard and maybe PET Sandbox can offer the means to start defining those standards and solve a pain point of user companies trying to find the most suitable system to match their business application.
Adhiraj further shared that the roadmap and how to start your PET sandbox journey. Vivian also offered two examples in telecom and healthcare industry using PET technology to observe data privacy rules and at the same time implement the cross-border data utilization.
We thank you all the panellists sharing on this edged PET sandbox solutions to cross border data sharing and welcome the interested parties join our PET communities to talk about PET and cross border data compliance issues.
