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Yukiko Ko yko@transunion

Binding Corporate Rules – Global Implications Conference on Cross Border Data Flows and Privacy October 16, 2007 Washington, D.C. Yukiko Ko yko@transunion.com. TransUnion Overview. TransUnion is a trusted partner for business and consumers around the world. Founded in 1968

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Yukiko Ko yko@transunion

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  1. Binding Corporate Rules – Global ImplicationsConference on Cross Border Data Flows and PrivacyOctober 16, 2007Washington, D.C. Yukiko Ko yko@transunion.com

  2. TransUnion Overview TransUnion is a trusted partner for business and consumers around the world Founded in 1968 Headquartered in Chicago Provides solutions to more than 50,000 businesses worldwide Reaches businesses and consumers in more than 30 countries on six continents Maintains credit histories on an estimated 500 million consumers around the globe Processes billions of updates each month Affiliates with partners with more than 100 years of experience Employs privacy protocols and security measures to provide high confidence in personal financial information Helps prevent and combat financial crimes, such as identity theft and credit fraud, by establishing the industry's first dedicated fraud victim assistance department

  3. TransUnion Global Reach

  4. TransUnion as Part of a Global Community • Active participation in the • APEC Data Privacy Subgroup • Share best practices • through Identity Theft • Prevention and Identity • Management Standards • Panel (IDSP), • American National Standards Institute • Contribute to capacity building for SMEs and other players in emerging markets – TransUnion Central America, among others

  5. Why Global Corporate Privacy Rules? • Proliferation of various data protection laws • History • Culture • Institutional structure (enforcement system) • Economic needs • Constant flows of data • sans frontière • Data transfers (electronic, oral and physical) • Access to network • Privacy, security, • and market demands

  6. Features of Global Corporate Privacy Rules • Transparency • Intra-company • Inter-company • Accountability to the public and regulators • Efficiency • Operational • Compliance • Training and education • Uniformity

  7. Different Backgrounds yet Common Interest – EU and APEC Source: 1) World Bank 2) EU at a Glance, 3) APEC at a Glance and World Bank

  8. BCRs and CBPRs • Binding Corporate Rules (BCRs) • Widely recognised compliance tool • Both BCRs and CBPRs aim to facilitate privacy compliance by creating corporate accountability • Implementation is key for both BCRs and CBPRs • Cross Border Privacy Rules (CBPRs) • Tool currently in works

  9. Comparing BCRs and CBPRs

  10. Observation • Commonalities between BCRs and CBPRs hint at global corporate best practice for data protection • There is a strong need to provide capacity building/technical assistance for emerging economies and SMEs • Rules development and approval process should be streamlined and clear • Frequent information exchange among businesses, governments, and civil society organisations in the two regions is essential

  11. Thank you • Yukiko Ko • Director, International Fraud and ID Management • TransUnion • yko@transunion.com

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