IDC Names Securiti a Worldwide Leader in Data PrivacyView
Last Updated on September 28, 2023
The Consumer Protection Regulation (Circular No. 8/2020) (CPR) was issued by the Central Bank of the United Arab Emirates on December 31, 2020. Licensed financial institutions governed by the UAE’s Central Bank must adhere to the CPR and the related Consumer Protection Standards (CPS) when handling consumer data.
The CPR imposes various standards concerning conduct, data protection, governance and oversight, responsible lending practices, information and transparency, barriers to competition and access to services, complaints handling, and public awareness.
The CPR and CPS require licensed financial institutions to commit more resources to consumer data protection and implement improved security measures, giving the financial sector an improved overhaul.
Additionally, the CPR and CPS require institutions to design and implement a compliance program with organizational, technical, procedural, and documentary aspects and ensure that it is communicated to and followed by staff.
Securiti enables organizations to comply with the Central Bank of UAE's Consumer Protection Regulations (CPR) & Consumer Protection Standards (CPS) through AI-driven PI data discovery, DSR automation, documented accountability, enhanced visibility into data processing activities, and AI-driven process automation.
See how our comprehensive platform helps you comply with various sections of the Central Bank of UAE's Consumer Protection Regulations (CPR) & Consumer Protection Standards (CPS).
Request a demo today to learn how Securiti can aid you and your organization's compliance efforts.
CPS Article: 184.108.40.206
Seamlessly fulfill data rectification requests with the help of automated data subject verification workflows across all appearances of a subject’s personal data.
CPR Article: 220.127.116.11
CPS Articles: 18.104.22.168, 6.1.3
Securiti's Consent Management Platform enables organizations to obtain end-users' consent for data access, retrieval, and advertising purposes. It allows consent management as per the requirements of the CPR and CPS.
CPR Articles: 22.214.171.124, 126.96.36.199
CPS Articles: 188.8.131.52, 184.108.40.206
Automates compliance actions and breach notifications to concerned stakeholders concerning security and data breach incidents by leveraging a knowledge database on security and data breach incident diagnosis and response.
CPS Article: 220.127.116.11
Securiti allows organizations to discover and protect large datasets via automated data mapping and data discovery. Effective and automated data mapping helps match personal data with its correct owners in all structured and unstructured data systems.
CPS Article: 18.104.22.168
Track, manage, and monitor the privacy and security readiness of vendors from a single interface. Collaborate instantly, automate data requests and deletions, and manage all vendor contracts and compliance documents.
CPR Article: 22.214.171.124
CPS Articles: 126.96.36.199, 188.8.131.52
Automatically update and refresh your privacy policies and notices. Build and publish a privacy notice with pre-built templates.
CPR Articles: 184.108.40.206, 220.127.116.11
CPS Articles: 18.104.22.168, 22.214.171.124, 126.96.36.199, 188.8.131.52, 6.1.7
Securiti's Data Intelligence enables organizations to identify emerging risk areas and implement security controls. This ultimately enables gatekeeper organizations to facilitate access to data in real-time utilizing appropriate technical measures.
CPS Article: 184.108.40.206
Visibility of an identity/role’s access to sensitive data and policy-based controls on an identity/role’s access to data.
CPR and CPS lay out the following key requirements for licensed financial institutions.
Here are some important facts to know about the CPR & CPS:
At Securiti, our mission is to enable enterprises to safely harness the incredible power of data and the cloud by controlling the complex security, privacy and compliance risks.