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Episode 028: 07‐09‐2024 Transparency Performance Schema for Regulators
- Host: Mike Schwartz, Founder/CEO Gluu
- Guest: Mark Lizar, Digital Transparency & Consent Expert
- Co-Host: Salvatore (Sal) D'Agostino, Consented Surveillance Expert
Enterprises commonly use terms and conditions and data sharing agreements that do not legally manage consent. The "Transparency Performance Schema for Regulators" (TPS4R), developed at Kantara, is a framework designed to provide a standardized approach for enterprises to report and demonstrate their compliance with regulatory requirements related to data transparency and privacy. The schema focuses on performance metrics and transparency reporting, aiming to facilitate clear communication between enterprises and regulatory bodies.
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Standardized Metrics: Establishes a set of standardized performance metrics that enterprises can use to measure and report on their compliance with transparency and privacy regulations.
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Transparency Reporting: Provides a structured format for enterprises to present their transparency efforts, including how they collect, use, share, and protect personal data.
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Regulatory Alignment: Ensures that the reported metrics and transparency efforts align with the expectations and requirements of various regulatory bodies, such as GDPR, CCPA, and others.
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Benchmarking and Comparisons: Allows enterprises to benchmark their performance against industry standards and peers, providing a clear picture of their compliance status.
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Continuous Improvement: Encourages a continuous improvement approach, where enterprises regularly assess and enhance their transparency and compliance practices.
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Simplified Compliance Reporting: The standardized approach of TPS4R simplifies the process of reporting compliance to regulatory bodies, reducing the administrative burden on IT organizations.
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Improved Regulatory Relationships: By providing clear and standardized transparency reports, enterprises can build better relationships with regulators, demonstrating their commitment to compliance and transparency.
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Enhanced Trust: Transparent reporting can enhance trust with customers, partners, and stakeholders by clearly showing the enterprise’s dedication to protecting personal data and adhering to privacy regulations.
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Risk Mitigation: By adhering to a standardized transparency framework, enterprises can better identify and mitigate risks related to non-compliance with privacy regulations.
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Operational Efficiency: Streamlined compliance processes and standardized reporting can lead to greater operational efficiency within IT organizations, freeing up resources to focus on other critical areas.
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Competitive Advantage: Enterprises that effectively implement and report their compliance efforts can gain a competitive edge, showcasing their commitment to transparency and privacy protection.
Overall, the TPS4R can be a valuable tool for enterprise IT organizations to manage regulatory compliance, enhance transparency, and build trust with regulators and stakeholders.
- TBD