What's Happening?
OneTrust, a global software company founded in 2016 and headquartered in Atlanta, offers a leading platform for data protection, governance, and regulatory compliance. The platform is designed to align data practices with global laws such as GDPR, CCPA, HIPAA, and the EU AI Act. OneTrust's solution is divided into four clouds: Privacy & Data Governance, GRC & Security Assurance, Ethics & Compliance, and ESG & Sustainability. These tools help businesses manage consent, track security assessments, and ensure compliance with privacy regulations, thereby building trust with stakeholders.
Why It's Important?
The OneTrust platform is significant for businesses seeking to navigate the complex landscape of data privacy and regulatory compliance. By centralizing privacy management, OneTrust helps companies avoid fines and breaches that can damage customer trust and lead to financial losses. The platform's integration capabilities with other business tools streamline operations and ensure consistent compliance across systems. As data privacy regulations continue to evolve, OneTrust provides businesses with the tools needed to adapt and maintain compliance, safeguarding their reputation and customer relationships.
