The privacy management software space is rapidly becoming crowded with vendors, each one of which is looking to add unique value. 2B Advice has released the most recent version (7.0) of its software, offering the support tools needed to build a privacy-aware culture.
As one of the first players in the privacy management software space, 2B Advice has built its product on long-standing experience with assessing the rapid evolution of the data privacy industry. This most recent release mirrors the evolution by providing users with the necessary tools to socialize privacy management within the business. This includes a unique portal, which promotes the storage and sharing of templates, training, and reports internally as well as among any key vendors or relevant partners. Additional features added to this version are as follows:
The expanded set of features offered in this version of PrIME promote a high degree of integration with current systems and tools already in place within the business. This shift away from privacy as compliance and toward privacy as a core operational function of the business mirrors the movement experienced in the tech industry. Data privacy, as a result, is increasingly viewed as a staple consideration in building both an IT and business strategy.
In the data privacy software space, we see vendors aligning new feature releases with new privacy regulations released, the most recent of which being around consent management capabilities with the January 1 enactment of the California Consumer Protection Act (CCPA). These releases soon become standard or expected features of vendors as businesses increasingly seek adherence to best practices of a privacy program as opposed to simply complying with the relevant governing laws and frameworks.
2B Advice emphasizes collaboration with vendors and peers through the introduction of added automation and integration, a differentiating factor in the privacy product. Common issues that arise in the data privacy space center around how to make privacy dynamic and how to socialize it within the organization. The PrIME Portal is 2B Advice’s first step toward a solution and is a clear indicator of a needed shift in the privacy software management space toward a business culture that embraces privacy.
The recent Schrems II invalidation of the EU-US Privacy Shield has added a layer of difficulty for organizations that operate across borders, as they now require additional contractual clauses and measures in place to ensure data can transfer freely. Privacy program management vendor Proteus-Cyber offers a streamlined solution with the release of its Transfer Impact Assessment tool.
TrustArc is partnering with BigID to add protection of sensitive data to its roster of data privacy and compliance capabilities. The move closely follows a partnership announced by two other major players in the data privacy and governance space, OneTrust and Integris.
An acquisition borne out of its users’ primary needs, OneTrust’s recent integration with data discovery giant Integris optimally positions the privacy program management software vendor against competitors in the market.
Data intelligence software vendor Alation has made the move to emphasize data governance amongst its solution offerings to make the data catalog a dynamic platform for “a broad range of data intelligence solutions.”
The industry’s first self-service privacy software solution Ethyca receives its second round of investor funding, aptly timed with the release of Ethyca Pro. The privacy management solution provides full automation capabilities for data mapping, data subject requests (DSRs), and consent management for various international privacy regulations.
To further capabilities in the data privacy space, top-tier vendor OneTrust has acquired Integris, another leading vendor within the data discovery and classification sphere. This is a two-part note that focuses on the acquisition and anticipated synergies between the two companies.
AI-powered privacy is here to stay, driven by the innovative team at SECURITI.ai. The company injects automation through AI with its PrivacyOps solution, PRIVACI, taking the effort out of mapping out personal data within its various repositories.
In response to criticism over data collection practices, Google is introducing default deletion of location history in its web and application activities for new accounts.
Proteus-Cyber, a leading vendor within the privacy program management space, has added two standout features to its current privacy software offering. The Threat Intelligence feature tracks and links directly to CVEs discovered daily and can be integrated within the IT asset register of current Proteus-Cyber NextGen Data Privacy users.