First India-headquartered company to receive BCR certification
An accredited data privacy compliance framework for international data transfers from the EU
BENGALURU, India, Dec. 19, 2024 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has obtained regulatory approvals for its Binding Corporate Rules (BCR) from the Hesse Data Protection Authority, Germany, following concurrence from the EDPB (European Data Protection Board). BCR provides a lawful framework within which organizations can transfer personal data internationally within their group companies.
Infosys has made history by becoming the first India-headquartered company to receive BCR certification, a significant milestone in the realm of data privacy compliance. This achievement showcases Infosys’ commitment to upholding the highest standards of data protection and privacy, especially when it comes to international data transfers from the EU.
BCR certification is a rigorous process that involves demonstrating compliance with the GDPR (General Data Protection Regulation) and other relevant data protection laws. By obtaining BCR approval from the Hesse Data Protection Authority and the EDPB, Infosys has shown that it has robust data protection mechanisms in place to safeguard personal data as it moves across borders.
How does this achievement impact individuals like you?
As an individual, the fact that Infosys has received BCR certification means that your personal data is better protected when it is transferred internationally. This certification ensures that your data is subject to stringent data protection standards, reducing the risk of unauthorized access or misuse.
Furthermore, knowing that Infosys, a trusted global partner, complies with the highest data privacy regulations can give you peace of mind when engaging with the company for digital services or consulting.
How does this achievement impact the world?
Infosys’ BCR certification sets a significant precedent in the global business landscape, particularly for companies in India and other emerging markets. By obtaining regulatory approvals for its data privacy compliance framework, Infosys is paving the way for other organizations to prioritize data protection and privacy in international data transfers.
This achievement underscores the importance of upholding data protection standards on a global scale and demonstrates Infosys’ leadership in promoting a culture of privacy and compliance within the digital services industry.
Conclusion
Infosys’ achievement in becoming the first India-headquartered company to receive BCR certification is a testament to its commitment to data protection and privacy. This milestone not only benefits individuals by ensuring the safe transfer of personal data but also sets a precedent for companies worldwide to prioritize data privacy compliance in international operations. As the digital landscape continues to evolve, certifications like BCR play a crucial role in building trust and accountability in data handling practices.
