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Data privacy will be one of the most important issues for organisations over the next decade and the future of building trust in a business will be generated on the foundations of transparency and ethics, according to Forbes. Therefore, it has become a top priority for companies to be transparent and ethical in their practices when considering the disclosure of personal data.
Growing demands by citizens for more transparency.
Enhanced privacy rules and regulation of all organisations, particularly technology companies.
Rise in fines from regulators, resulting in significant financial loss, reputational damage and impact on customer trust.
Our compliance solution will enable organisations to demonstrate compliance by fully documenting and keeping audit records of every decision making step. It also presents organisations with a significant opportunity to standardise meaningful transparency reports – with one click of a button, you can generate
a transparency report for all countries you operate in.
iTrust6A™ powered by LIMA also helps to build trust in your organisation. In today’s digital age, customers are rightfully concerned about their privacy, security and use of their personal data. By prioritising ethics and transparency when disclosing personal data, organisations can demonstrate to their customers that they are trustworthy and transparent, and to regulators that they are compliant and committed to protecting user data.
In addition to standardising and simplifying the decision making rationale for disclosing personal data, adherence to the six principles of iTrust6A™ will also infuse an ethical mindset of ‘doing what is right’ within an organisation.
LIMA iTrust6A™ is the first decision-making framework designed to guide organisations in ethical, lawful, and responsible decision-making when disclosing personal data.
iTrust6A™ powered by LIMA simplifies the complex decision-making process when disclosing personal data.
Organisations can use the six guiding principles to systematically and comprehensively analyse all considerations involved when deciding whether to disclose data or not. It helps to identify and minimise data protection risks and acts as an accountability tool by creating a compliance mechanism for ensuring that the privacy rights of individuals are upheld.
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