Overview of Nymity Privacy Management Solutions
Nymity, now integrated into the TrustArc platform, offers a comprehensive suite of privacy management solutions designed to help organizations navigate and comply with global privacy regulations efficiently.
Key Framework: Nymity Privacy Management Accountability Framework (PMAF)
The cornerstone of Nymity’s offerings is the Nymity Privacy Management Accountability Framework (PMAF). Introduced in 2012 and continuously updated, the PMAF is a robust taxonomy for privacy programs that transforms the landscape of privacy management. Here are its key features:
- Comprehensive Approach: The PMAF includes 13 Privacy Management Categories (PMCs) that span over 130 privacy activities and tasks. This framework is industry-neutral and adaptable to any privacy program, regardless of its maturity level.
- Global Compliance: It harmonizes with key privacy regulations such as the GDPR, CCPA, and other international standards, ensuring organizations can manage their compliance requirements effectively across different jurisdictions.
- Maturity Assessment and Benchmarking: The PMAF allows organizations to assess their privacy program maturity, understand risk, and operationalize their privacy programs. It also serves as a baseline for benchmarking and measuring the effectiveness of privacy management practices.
- AI Data Privacy Governance: The framework has been updated to include advanced provisions for AI data privacy governance, ensuring it remains relevant and effective in the evolving digital landscape.
Integration with TrustArc Platform
The Nymity PMAF is fully integrated into the TrustArc platform, enhancing its operational and intelligence solutions. Key integrations include:
- Data Mapping & Risk Manager: This tool helps in documenting compliance requirements and identifying gaps and risks within the organization.
- Assessment Manager: Facilitates regular reviews and assessments of the privacy program.
- Planner and Benchmarks: Helps in tracking the privacy program and ensuring necessary regular reviews are conducted.
- Operational Templates & Resources: Provides the necessary building blocks to further develop and enhance privacy programs.
NymityAI and Research Tools
Nymity also offers advanced AI-powered tools:
- NymityAI: This AI co-pilot revolutionizes privacy research by providing expert answers instantly. Built on 25 years of trusted expertise and over 45,000 continuously updated references, NymityAI streamlines the research process, saving time and ensuring organizations stay up-to-date with the latest privacy laws and regulations.
- Privacy Simplified: This feature acts as a personalized news feed, delivering critical information on hot topic areas such as US Consumer Health Privacy and updates on the Nymity PMAF and TrustArc Privacy and Data Governance Framework.
Additional Features
- AI Autofill in Data Inventory Hub: This feature leverages AI to autofill details in System and Third Party records, reducing manual data entry time by approximately 20 minutes per record and improving data accuracy.
- Regulatory Updates: Nymity Research includes regular updates to law tables and new resource pages to keep organizations informed and compliant with the latest regulatory changes.
In summary, Nymity’s solutions, particularly the PMAF, combined with the advanced AI capabilities of NymityAI and the integration with the TrustArc platform, provide a comprehensive and efficient way for organizations to manage their privacy programs, ensure compliance, and build trust with their customers in a rapidly evolving privacy landscape.