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Ethyca’s Additional $13.5 Million in Series A Funding Drives Momentum for Automation Features
Ethyca provides a self-service privacy compliance solution that eliminates the need for manual input. This reduces the potential for human error for companies in scope of stringent privacy regulations such as the GDPR, CCPA, and Brazil’s LGPD. Ethyca Pro automates the processes around data mapping, consent management, and the management of data subject requests, including access, editing, and erasure. Ethyca CEO Cillian Kieran equates the capabilities of Ethyca Pro to a privacy version of TurboTax, as the product enables users to connect with privacy engineers throughout the implementation process for assistance and advice.
The company has recently announced it received $13.5 million in Series A funding, an impressive feat considering the current pandemic-infused economic uncertainty. The additional funding will continue to support the company’s product growth. Ethyca plans to introduce automated impact assessments for data scientists and engineers as additional feature sets over the upcoming months.
When possible, automate. The complex set of processes involved in data flow mapping, combined with an ever-changing regulatory environment, creates a considerable set of challenges for organizations that are often times inexperienced or new when it comes to privacy management. While the move to automate is not necessarily groundbreaking in the data privacy, data classification, and data discovery sphere, Ethyca Pro’s emphasis on linking the automation capabilities from data flow mapping right through to consent management is ideal for the business or IT leader whose aim is to better understand their data privacy ecosystem. However, the true feature to watch, in my opinion, is the automation of impact assessments. This will transition the current product from effective to forward-looking for those IT and privacy teams looking to adopt a strategic approach to a privacy program management.
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Proteus-Cyber Provides a Tactical Solution for Schrems II Stress With the Transfer Impact Assessment (TIA) Tool
The recent Schrems II invalidation of the EU-US Privacy Shield has added a layer of difficulty for organizations that operate across borders, as they now require additional contractual clauses and measures in place to ensure data can transfer freely. Privacy program management vendor Proteus-Cyber offers a streamlined solution with the release of its Transfer Impact Assessment tool.
TrustArc is partnering with BigID to add protection of sensitive data to its roster of data privacy and compliance capabilities. The move closely follows a partnership announced by two other major players in the data privacy and governance space, OneTrust and Integris.
An acquisition borne out of its users’ primary needs, OneTrust’s recent integration with data discovery giant Integris optimally positions the privacy program management software vendor against competitors in the market.
Data intelligence software vendor Alation has made the move to emphasize data governance amongst its solution offerings to make the data catalog a dynamic platform for “a broad range of data intelligence solutions.”
To further capabilities in the data privacy space, top-tier vendor OneTrust has acquired Integris, another leading vendor within the data discovery and classification sphere. This is a two-part note that focuses on the acquisition and anticipated synergies between the two companies.
SECURITI.ai Addresses the Privacy vs. AI Debacle With the Industry’s First AI-Powered Privacy Solution
AI-powered privacy is here to stay, driven by the innovative team at SECURITI.ai. The company injects automation through AI with its PrivacyOps solution, PRIVACI, taking the effort out of mapping out personal data within its various repositories.
The privacy management software space is rapidly becoming crowded with vendors all looking to add value. 2B Advice has released the most recent version (7.0) of its software, emphasizing the support tools needed to build a privacy-aware culture.
In response to criticism over data collection practices, Google is introducing default deletion of location history in its web and application activities for new accounts.
Proteus-Cyber, a leading vendor within the privacy program management space, has added two standout features to its current privacy software offering. The Threat Intelligence feature tracks and links directly to CVEs discovered daily and can be integrated within the IT asset register of current Proteus-Cyber NextGen Data Privacy users.