One of the first companies in the world to earn this data privacy certification
Bengaluru – January 31 , 2020
Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been awarded the accredited certification on ISO 27701, the international standard on data privacy, by Bureau Veritas Certification (BVC). Infosys is one of the first companies in the world to have earned this certification with accreditation.
The ISO 27701 standard provides an overarching framework on Privacy Information Management Systems (PIMS), to help companies fine-tune their data privacy practices and keep pace with the changing privacy threat and regulatory landscape through a rigorous risk and compliance driven approach, while being focused on measurement and continuous improvement. This is the world’s first International Standard on PIMS and incorporates a mapping against the requirements of EU GDPR - considered the gold standard in data privacy laws. Being certified to this global standard demonstrates Infosys’ ability to effectively and consistently deliver solutions and services to clients in compliance with data privacy regulations and contractual requirements in applicable countries.
Srinivas Poosarla, Chief Privacy Officer and Data Protection Officer, Infosys, said, “This is a significant accomplishment for us, given that we could get an accredited certification for the globally recognized, certifiable data privacy standard in such a short span of time. This was possible only because of the maturity of our data privacy processes resulting from the establishment of an independent, dedicated data privacy function that we set up almost a decade ago. I’m confident this certification will go a long way in being a differentiator and in increasing the trust our clients and other stakeholders place in Infosys for our privacy and data protection practices.”
Jagdheesh Manian - Head - Business (CER) , South Asia, BVC, said, “We at Bureau Veritas are extremely proud to present our first accredited certificate against ISO/IEC 27701:2019 Standard on Privacy Information Management System (PIMS) to Infosys Limited. Infosys would probably be one of the first few companies globally, to have been awarded an accredited certificate on this standard.”
Manian further added, “Data privacy is emerging as one of the strategic areas of focus for organizations processing personal information, given the increasing use of digital technologies, innovation, and enactment of stronger data protection laws, and we believe adopting a PIMS standard like ISO 27701 significantly reduces risk of non-compliance while instilling greater stakeholder confidence and trust. We are delighted to be accredited by NABCB while auditing Infosys, which in the shortest possible time implemented the PIMS with necessary controls as part of their initiative to be an early implementer of this standard - a remarkable achievement that demonstrates Infosys’s matured privacy practices and agility.”
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.
Certain statements mentioned in this presentation concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2019. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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