Alibaba Cloud has announced that it is the first and currently only cloud provider in Singapore to attain all three key data protection certifications by the Infocomm Media Development Authority (IMDA) – the Data Protection Trustmark Certification (DPTM), the APEC Cross Border Privacy Rules (CBPR) System and Privacy Recognition for Processors (PRP) System.
The data protection and privacy standards are key in regulating the smooth, seamless and secure movement of information across borders, vital to operations of multinational corporations based in Singapore, said Alibaba Cloud in a press release.
“The digital reality we live, work and play in today requires a common set of standards to govern, account for and manage data. said Derek Wang, General Manager, Singapore, Alibaba Cloud Intelligence.
“As part of our mission to make it easy to do business anywhere, we can help our customers and their customers achieve greater peace of mind by aligning and certifying our practices and processes to industry gold standards. This allows them to focus on supporting customers and growing the business further.”
The CBPR and PRP systems provides a harmonised set of data protection standards consistent with the APEC Privacy Framework.
The systems bridge data protection laws in the different jurisdictions around the APEC countries of Australia, Chinese Taipei, Canada, Japan, Republic of Korea, Mexico, the Philippines, Singapore, and the United States with data management best practices.
Singapore has seen a significant surge in cross-border investments over recent years, ranking third on the list of most favoured APEC economies, according to the 2020 Asia Pacific Business Leaders Survey conducted by PricewaterhouseCoopers.
