The human knowhow is pretty much known for its expansiveness, and yet nothing defines it better than our awareness in regards to getting better on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become abundantly clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such s monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new GRC-themed development pans out just like we envision, it will only make that trend bigger and better moving forward.
TrustArc, a leading provider of data privacy management and research solutions, has officially announced the launch of new enhancements across its portfolio of products within the TrustArc Privacy Management Platform. Conceived to help organizations in implementing accountable Artificial Intelligence-driven data privacy governance, the stated enhancements let you better understand the dynamics of AI, while simultaneously facilitating your organization’s cross-functionally on data governance, privacy, and security. Furthermore, they inform you on how to operationalize a privacy program for AI, aid in risk management, utilize well-known frameworks and standards, Talk about the development on a slightly deeper level, we must begin from the brand-new attestation and benchmarking capabilities that enable you to assess your use of AI against the NIST AI Risk Management Framework, OECD AI Principles, and Nymity PMAF. Next up, we must acknowledge its AI-specific and easy-to-use curated resources like operational/tactical templates and checklists. These resources are created to help organizations implement safe, secure, and trustworthy AI systems and technologies, including an “Ethical AI Principles” checklist, a whitepaper on technical and organizational considerations for Algorithmic Accountability, and more. Complimenting the same is a set of new controls available within TrustArc’s market-leading risk algorithm and assessment workflow that will help you identify high-risk data processing and trigger approval workflows for AI risk management. Rounding up the highlights is a new AI Risk Assessment template mapped to the AI NIST Framework which joins TrustArc’s library of 66+ pre-built risk assessments.
“The speed of advancement and adoption in AI and machine-learning-based technologies has made this an incredibly exciting time. TrustArc is thrilled to provide essential resources and solutions to help organizations research, assess, navigate, and manage privacy, security, and confidentiality-based AI risks,” said Val Ilchenko, Chief Privacy Officer and General Counsel at TrustArc.
Making this whole development even more significant is, of course, TrustArc’s Platform, which is designed to help organizations manage numerous types of risks by helping them incorporate comprehensive frameworks, operationalizing recommended practices, and understanding and managing AI risks associated with third parties.
Founded way back in 1997, TrustArc’s rise to prominence stems from its ability to simplify and automate the creation of end-to-end privacy management programs for global organizations. Understood to be the only company to deliver depth of privacy intelligence, along with complete automation, TrustArc’s credentials are backed up by a vast presence that stretches across areas like Americas, Europe, and Asia.