On April 21, 2022, Canada, Japan, the Republic of Korea, the Philippines, Singapore, Chinese Taipei and the United States of America issued a global statement on cross-border privacy rules announcing the establishment of the Global Forum on cross-border confidentiality rules. (“PRC Global Forum”).
In the statement on the establishment of the Global CBPR Forum, U.S. Department of Commerce Secretary Gina M. Raimondo said, “The establishment of the Global CBPR Forum reflects the beginning of a new era of multilateral cooperation in promoting trade flows. of reliable global data that is of crucial importance to our modern economy. The Global CBPR Forum intends to establish the Global Cross-Border Privacy Rules (CBPR) and Privacy Recognition Systems for Processors (PRP), one-of-a-kind data privacy certifications that help companies to demonstrate compliance with internationally recognized data privacy standards.
The CBPR Global Forum builds on existing APEC frameworks and aims to increase adoption of the framework globally. It recognizes that interoperability can occur when countries share privacy values, even if there are distinct nuances in their privacy regulations. The current system establishes a data protection baseline for all countries to sign up to and allows national regulators like the US Federal Trade Commission to impose fines for wrongdoing. Accountability officers, or private or public third-party auditors, verify whether companies comply with the voluntary set of international privacy standards.
The CBPR Global Forum will be administered independently and separate from the APEC systems. Founding members of the Global CBPR Forum will consult with Accountability Officers and APEC Systems Certified Enterprises to formally transition operations from APEC to the Global CBPR Forum and provide at least 30 days notice to Accountability Officers. All approved accountability agents and certified companies will automatically be recognized in the new Global CBPR Forum based on the same terms that they are recognized in the APEC CBPR and PRP systems.
*** This is a syndicated blog from the Aleada Blog – Aleada Consulting Security Bloggers Network written by Aleada Blog – Aleada Consulting. Read the original post at: https://www.aleada.co/ask-aleada-blog/2022/8/10/global-news-cbpr-forum