TrustArc’s Privacy Management Platform provides capabilities including an assessment manager, consent manager, data mapping, data subject access requests (DSARs), privacy information management, and website scanning. The company acquired Toronto-based Nymity in late 2019, aligning its existing features with Nymity’s Privacy Management Accountability Framework, gaining from the brand’s 18 years of experience and data obtained through tailored research.
BigID is a leader in the data privacy and protection space, with extensive capabilities on the data discovery side, helping to achieve compliance by identifying the locations of an organization’s sensitive data. The vendor’s current solutions focus on building a discovery foundation, developing both data privacy and data protection applications, and driving data quality with retention oversight.
When asked about the partnership with TrustArc, BigID’s co-founder and chief product officer Nimrod Vox stated that the two companies aim to “bring clarity and intelligence to the complex data privacy regulatory environments.”
The partnership focuses on enhancing capabilities for clients to perform the following actions:
Data privacy vendor partnerships seem to be the trend this week; interesting timing with the official enforcement of the CCPA having just passed, as well as the full enforcement now in place for South Africa’s POPIA (data protection regulation).
TrustArc and BigID’s “market-driven partnership,” fueled by customer feedback, is likely due in large part to an increasing scrutiny over DSAR capabilities and the realization that IT and business leaders have come to a consensus around a lack of knowledge around where sensitive data lies within the organization as an issue. This partnership mirrors the recent acquisition of Integris by key privacy vendor OneTrust; privacy vendors are looking to develop a comprehensive approach to data, edging towards the realm of data governance, and in doing so, enlisting the expertise of another vendor in the space with pre-developed capabilities and resulting economies of scale.
While the OneTrust/Integris pairing represents an acquisition, TrustArc and BigID’s synergistic alliance is the result of a partnership, the outcome of which will be interesting to observe with respect to any misalignments or overlaps that exist within each respective company’s current feature set.
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.
The privacy management software space is rapidly becoming crowded with vendors all looking to add value. 2B Advice has released the most recent version (7.0) of its software, emphasizing the support tools needed to build a privacy-aware culture.
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.
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.
The International Association of Privacy Professionals (IAPP) has released its 2020 Privacy Tech Vendor report, reviewing key software solution vendors within the space. This year’s report highlighted the recent addition of Data Subject Request (DSR) to the feature categories.