In March of 2022 Debbie Reynolds “The Data Diva” launched the first of its kind PACT Data Privacy Trust Framework and Scorecard. This framework can be used to evaluate regulatory and business risk and the trust of individuals around data privacy. This is a gut-check for organizations of all sizes to rate and triage their data privacy challenges. This framework addresses Purpose, Alignment, Context, and Transparency.
Frequently Asked Questions about the PACT Data Privacy Trust Framework & Scorecard
What is the current Data Privacy Landscape and the reason for PACT?
Rapid development of Data Privacy and Data Protection regulations around the world
Trusted companies who protect data of individuals enjoy increased revenue
Technology shifts in minimizing alternative data uses and third-party data risks of organizations
Leadership in Data Privacy is an advantage to individuals and organizations
What is the purpose of the PACT Data Privacy Trust Framework & Scorecard?
Communicate Data Privacy risks to Investors and Boards
Align with fundamental principles of Data Privacy and Data Protection regulations
Pinpoint problematic data practices that reduce trust
Reduce barriers to the adoption of products and services
Guide to organizations throughout the data use lifecycle
What are the PACT Data Privacy Trust Framework & Scorecard benefits to my organization?
Communicate the value of trust to Stakeholders and Shareholders
Reduce the risk of reputational harm
Increase revenues by demonstrating trusted data practices
Improve data quality
Assess the maturity in data practices and identify gaps
Why should I implement the PACT Data Privacy Trust Framework & Scorecard in my organization?
Assess the risks that organizations have around Data Privacy and data stewardship
Rate the risks and develop a plan to increase the Data Privacy maturity
Address the business risk as well as the regulatory risks around Data Privacy
Allows organizations to determine which areas need the most immediate focus
What kinds of organizations should use the PACT Data Privacy Trust Framework & Scorecard?
Any organization that handles data of individuals
Organizations that want to benchmark their Data Privacy trust maturity
Organizations that have regulatory obligations and consumer trust risks around Data Privacy and Data Protection
Organizations who want to have a positive revenue impact related to their commitment to Data Privacy and trust