Colt Technology Services is the only communications provider in the world to have GDPR-compliant Binding Corporate Rules
By Joy Dumasia
Colt Technology Services announced that it had received an official approval of its Binding Corporate Rules (BCRs) from the European Data Protection Board (EFPB). This currently makes Colt one of less than ten companies globally with EFPB-approved Controller and Processor BCRs, and the only voice and data communications provider globally to have obtained GDPR-compliant BCRs, giving customers peace of mind that the company is focused on security and protecting their data.
Approved BCRs data protection policies used by EU companies to transfer personal data outside the EU within their group can be found on the EFPB’s website. These rules follow all general data protection principles, and they are legally binding for every company within the group.
Caroline Griffin Pain, Colt’s General Counsel, said: “Customers are increasingly asking questions about our data protection and security posture, and the BCRs that have been approved by the European Data Protection Board set out our policies very clearly. We are unique in the market to achieve this seal of approval for data protection, under the new tough GDPR as Controller and Processor, so customers working with Colt have peace of mind around their data. As part of our social contract, we truly care about keeping customers’ data safe, which is why we can offer the safest network and the best data protection assurance in the world.”
Recently, IBS Intelligence reported that Colt Technology Services recently announced that it is expanding its capital markets offering into Latin America, giving customers from the USA, Europe, and APAC cost-effective, low latency access to B3 – one of the world’s largest financial market infrastructure companies and the largest in the region – via Colt PrizmNet.
IBSi Daily News Analysis
September 27, 2023
Global merchants increase spending to combat eCommerce fraudRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage
Other Related News
September 27, 2023