At Workday, we value trust as a critical component of our relationship with our customers, and we recognized early on the importance of strong privacy protections and the value of third-party certifications for cross-border data transfers as a means of maintaining that trust. As part of this commitment, we are very pleased to see progress in privacy certification mechanisms in different parts of the world, and as a long-time supporter of the Asia-Pacific Economic Cooperation (APEC) Cross Border Privacy Rules (CBPR) and the first company to certify to the APEC Privacy Recognition for Processors (PRP), we applaud the U.S. Department of Commerce’s recent announcement on the creation of the Global CBPR Forum. We’re also excited to see progress from Europe and the United States in establishing a new transatlantic data transfer framework.
Building a Foundation of Trust in the Asia-Pacific Region and Beyond
The launch of the Global CBPR Forum couldn’t come at a more pivotal time. New privacy regulations enacted around the world continue to introduce complexities for multinational companies who transfer data across geographical regions. Companies must invest an increasing amount of resources to correctly map unique governance and transfer requirements to their data flows, including deploying contractual