LionOBytes Selects TrustArc to Demonstrate High Commitment to Privacy Management Practices

LionOBytes works with TrustArc to review and verify that their privacy practices meet the requirements of the EU US and Swiss US Privacy Shield frameworks

Princeton, New Jersey, April 21, 2020 – LionOBytes, a leading IT and software solutions company, today announced it has achieved EU – U.S. Privacy Shield and Swiss – U.S. Privacy Shield certifications with the U.S. Department of Commerce. LionOBytes selected TrustArc to review and verify that they comply with the Privacy Shield Framework, as set forth by the U.S. Department of Commerce regarding the collection, use, and retention of personal information transferred from the European Union and Switzerland to the United States, respectively. The solution also includes independent dispute resolution services to address privacy-related questions around customer data from users and ongoing access to privacy guidance. By working with TrustArc, LionOBytes is demonstrating its commitment to strong data privacy practices and enhancing customer and business partner trust.

“Trust and transparency are critical components to doing business. Customers want to know with complete confidence that a company is applying all necessary and available measures to ensure that their data is being protected,” said Arun Upadhyay, CEO and founder at LionOBytes. “By working with TrustArc, we are demonstrating to our customers and to the market at large that we take data protection very seriously, and that we are using the best available means to secure the customer data we handle, as well as to comply with all data privacy regulations.”

The verification, performed by TRUSTe LLC, a subsidiary of TrustArc Inc, follows a three-phase process to prepare companies for Privacy Shield certification using a combination of experienced privacy analysts, proven assessment methodology and the TrustArc Privacy Platform.

  • Phase I includes a comprehensive review of the participant’s privacy practices against the Privacy Shield Principles and creation of a detailed privacy findings report.
  • Phase II includes a review of the findings with the participant, implementation by the participant of remediation recommendations and documentation of action item completion.
  • Phase III includes activation, including issuing the TRUSTe seal and activation of dispute resolution services for customer data. The solution also includes access to ongoing privacy guidance along with use of TrustArc Assessment Manager to review the compliance report.

TrustArc CEO Chris Babel said, “We believe that a strong privacy management program is critical for companies to build customer trust and ensure privacy compliance, and with its achievement of this certification, LionOBytes is demonstrating its dedication to meeting high privacy standards.”

About LionOBytes

LionOBytes is a mid-sized software development company that offers various proven, secure and high-performance IT solutions, including CRMs, e-commerce, and mobile applications. The company provides these solutions organizations in finance, telecom, insurance, medical and other industry verticals. Check out their website at LionO360 – and also follow them on LinkedIn, Twitter, Facebook, and Instagram.

About TrustArc

TrustArc is the leader in privacy compliance and data protection solutions and offers an unmatched combination of innovative technology, services and TRUSTe certification solutions. TrustArc addresses all phases of privacy program management and has been delivering innovative privacy solutions for two decades to companies across all industries. The TrustArc platform leverages deep privacy expertise and proven methodologies, which have been continuously enhanced through thousands of customer engagements. Headquartered in San Francisco, and backed by a global team across the Americas, Europe, and Asia, TrustArc helps customers worldwide demonstrate compliance, minimize risk and build trust. In 2019, TrustArc acquired Nymity to accelerate the development of next-generation technology-driven privacy solutions. For additional information visit www.trustarc.com.

 

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