Unlock the potential of global collaboration while safeguarding your data with Mage Data’s Cross-Border Data Sharing solution – the key to seamless, secure, and privacy-compliant data exchange across borders.
- Share data across geographical borders without worrying about unauthorized access to sensitive data.
- Comply with local data residency rules by ensuring none of the sensitive data leaves the data store, to be accessed by individuals outside the geography.
- Configure comprehensive access control mechanisms based on users, roles, programs, and locations to ensure data is accessed only by authorized users.
- Implement robust technical safeguards to protect sensitive data in compliance with regulatory mandates.
- Choose appropriate data anonymization methods that render sensitive data perfectly useful, but entirely useless.
- Demonstrate compliance with a comprehensive audit-ready report detailing records of the presence of sensitive data and processing activities related to that data.
- Enable frictionless and secure collaboration between internal and external stakeholders without risk of sensitive data exposure.
- Foster trust among stakeholders with real-time data sharing, enabling active participation in collaboration efforts within a secure and transparent framework
- Ensure smooth data exchange via integration with multiple different data sources, applications and platforms
A cross-border data protection law involves the safe movement of electronic, personal data around the world. In today’s times of borderless business, there is also a challenge of cross border data privacy. Any company operating in the leading developed and emerging markets today have to contend with legal frameworks, agreements such as standard contractual clauses and binding corporate rules; geography specific privacy laws as well as industry oriented laws such as Personal Information Protection and Electronic Documents Act (PIPEDA), Computer Processed Personal Information Protection Act, and Health Insurance Portability and Accountability Act (HIPAA). The General Data Protection Regulation (GDPR) is another major regulation that focuses on protecting EU residents’ personal data collected by businesses, regardless of the business’ physical location.
Data localization is the practice of storing and processing data in the same country where you originally collected it. Certain regulations require this, including the EU General Data Protection Regulation (GDPR), Brazil’s General Data Protection Law (LGPD) and several others. Data localization identifies the exact geographic locations of where you can and cannot store and process personal data. In Europe, Schrems II regulations limit third-country personal data transfers without appropriate protection levels. Certain regulations allow institutions to move data freely outside the originating jurisdiction but require them to ensure security and privacy of customers data.
The data-localization measures in force around the world has more than doubled in number over the past couple of years. By 2017, 35 countries had implemented 67 such barriers. In 2021 that figure had grown to 62 countries that imposed 144 restrictions with dozens more under consideration. With the increasing number of restrictions, security and privacy teams have to keep a close eye on the new and changing rules, adjusting data storage and processing practices accordingly.