Privacy Enhanced Technology Sandbox
One Compliance is a regulatory compliance consulting firm for clients under this digital transforming world.
Data Transfer Barriers
Globally, efforts are in progress to enable data flow, like APEC CBPR, ASEAN MCCs, GDPR adequacy. Challenges arise due to uncertainty in defining cross-border data transfers, requiring data protection equivalence. This raises costs and risks, especially in countries with unclear data rules and data localization practices, affecting global businesses.
By leveraging Privacy-Enhancing Technology , organizations can navigate the complexities of cross-border data transfer with greater confidence, ensuring data protection and privacy compliance while minimizing potential headaches and risks.
What is SG IMDA PET Sandbox?
The launch of the Singapore IMDA’s Privacy-Enhancing Technology (PET) Sandbox in July 2022 is a significant step towards advancing data privacy and security in Singapore. This initiative offers a range of benefits and support to companies looking to explore and implement PETs in their operations. Here’s a breakdown of what the PET Sandbox provides:
1
Matchmaking:
The sandbox connects companies with trusted PET solution providers to find the right privacy and data security expertise for collaborations.
2
Grant Support
The sandbox offers financial aid for pilot PET projects, allowing organizations to experiment and integrate PET solutions with minimal costs.
3
Regulatory Guidance
The PET Sandbox provides regulatory support to ensure companies deploy PETs while complying with data protection laws, helping them navigate the regulatory landscape.
The Process
STEP 1
Problem Identification: Identify privacy issues and risks (Privacy Impact. Assessment) and isolate the specific scenario.
STEP 2
Problem-Solving: Test a solution in the sandbox using sample data and apply the right technology to address the problem.
STEP 3
Approval & Certification: Combine your Privacy Impact Assessment with an IMDA review and make adjustments if necessary to gain approval and certification.
What can you get out of the sandbox?
A client engaging in a sandbox Proof of Concept (POC) with Privacy Enhancing Technology (PET) can reap several significant benefits:
i. PII Data Export Solution
ii. Simplifying Compliance
iii. Lowering Regulatory Risks
iv. IMDA Recognition and Showcase Publication
Our service as your Advisor
“There is no one-size-fits-all approach. After all, every inter-country relationship is unique.”
---- White Paper “A Roadmap for Cross Border Data Flows” by WORLD ECNOMIC FORUM
We help small and medium-sized enterprises (SMEs) to perform transfer impact assessments (TIAs), mitigate risks, and comply with data protection regulations across multiple jurisdictions.