This first-of-its-kind offering builds on Transcend's automated data discovery, classification, and governance capabilities by proactively flagging to privacy teams when a Privacy Impact Assessment (PIA) is required, auto-suggesting relevant metadata, and automatically highlighting incomplete assessments across a company's data map.
SAN FRANCISCO, Oct. 19, 2022 /PRNewswire-PRWeb/ -- Transcend, the one-stop privacy platform that makes it easy for companies to encode modern privacy requirements into their data ecosystems, has today released a new Assessments product aimed at reducing the work and risk associated with processing personal data.
This first-of-its-kind offering builds on Transcend's automated data discovery, classification, and governance capabilities by proactively flagging to privacy teams when a Privacy Impact Assessment (PIA) may be required, auto-suggesting relevant metadata, and automatically highlighting incomplete assessments across a company's data map.
"We're thrilled to add to our industry-leading privacy platform—trusted by leading brands and loved by privacy practitioners—with this new functionality that furthers our goal of making the challenging work of privacy easy for companies, through robust tools and technology," said Transcend CEO and co-founder Ben Brook.
"Transcend Assessments ensures all departments and teams can proactively identify, monitor and adjust for the data processing risks associated with new system adoption, new product creation, and other business projects. It empowers privacy leaders with increased visibility and controls to protect personal user data, without the tedious workflows and increased operating costs," said Brook.
Data sprawl challenges legacy assessment processes
As a result of continuous system sprawl and shadow IT, two-thirds of companies today report that they don't have an accurate picture of the personal data they collect and process. Without centralized data visibility, risk and privacy assessment management has become an operational burden for privacy teams, leaving companies with compliance gaps and privacy risks.
Compounding this, today's privacy leaders face ambiguity in Data Protection Impact Assessment (DPIA) and Transfer Impact Assessment (TIA) requirements, including understanding what specific information is required or when an assessment is required.
"Privacy professionals rarely have a quantifiable, easily defined process for kicking off, compiling, and approving Privacy Impact Assessments," said Brandon Wiebe, Transcend General Counsel and Head of Privacy. "Because of these operational challenges, many of today's assessments are not able to practically meet regulatory compliance, minimize an organization's data processing risk, and protect their end users."
The power of Transcend Assessments
With today's announcement, Transcend enables privacy professionals, legal counsel, and Data Protection Officers (DPOs) to handle privacy assessments more comprehensively, efficiently, and easily increasing visibility into data processing risks, fostering better user privacy protections, and reducing operational burden.
Key features include:
- Triggered action items: When new data silos are added or discovered by Transcend Data Mapping, Assessments will auto-suggest the review of a new assessment.
- Auto-assist Assessment completion: Out-of-the-box templates include pre-populated fields with data discovered through a company's Data Map or Terraform code inputs, jump-starting assessments to fit the unique shape of an organization's data and minimizing manual operations.
- Live collaboration: Cross-functional projects require easy to use, cross-functional tools. Transcend allows users to edit an assessment simultaneously, enabling seamless and real-time collaboration.
- Approval and status tracking: Transcend Assessments includes powerful tools to identify outstanding tasks, documents missing key stakeholder input, and flag assessments pending DPO approval.
- Embedded visibility: Easily sort your Data Map and identify completed or missing DPIAs or TIAs by data system, data category, vendor, processing purpose and more.
Learn more about how Transcend Assessments works at transcend.io/assessments.
About Transcend
Transcend is the one-stop privacy platform that makes it easy for companies to encode modern privacy requirements into their data ecosystems—for full visibility, auditability, and compliance. Backed by Accel and Index Ventures, the company is the data privacy partner of choice for brands such as Robinhood, Clubhouse, Eventbrite, CircleCI, and more. Transcend customers go beyond the patchwork compliance and manual offerings of today to realize an easy, efficient, and secure privacy program at scale, with industry-leading technical solutions for the most urgent privacy challenges. By future-proofing its technology, Transcend also enables customers to confidently address new or future regulatory requirements, whatever they might be. In addition, Transcend's privacy platform incorporates standard-setting data protections that security-conscious brands have come to expect, including an on-premise security gateway, E2EE (end-to-end encryption), and more.
Founded in 2017, Transcend is headquartered in San Francisco.
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Media Contact
Andrew Moon, Transcend, 1 4159968883, [email protected]
SOURCE Transcend
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