- First India-headquartered
company to receive BCR certification
- An accredited data privacy compliance framework for
international data transfers from the EU
BENGALURU,
India, Dec. 19,
2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY)
(NYSE: INFY), a global leader in next-generation digital
services and consulting, today announced that it has obtained
regulatory approvals for its Binding Corporate Rules (BCR) from the
Hesse Data Protection Authority, Germany, following concurrence from the EDPB
(European Data Protection Board).
BCR provides a lawful framework within which
organizations can transfer personal data internationally within
their group companies. Two sets of BCRs have been approved for
Infosys, one as a data controller (BCR-C) and the other as a data
processor (BCR-P).
This BCR certification, which has been achieved
for both Infosys' own and client data, strengthens the company's
focus in maintaining consistent standards of data privacy and
protection. This further enables seamless transfer of personal
information from Europe to any
Infosys Group location globally, and it is a milestone achievement
in today's AI-first world in addressing concerns around
cross-border data transfers.
"This accomplishment reinforces Infosys'
commitment towards responsible business practices. Today, the need
to protect personal data is critical, and Infosys is helping
clients carry out their business in a compliant environment. This
recognition is a key differentiator for us when it comes to
processing personal data and further affirms our dedication to
accountability and trust," said Inderpreet Sawhney, Group
General Counsel and Chief Compliance Officer, Infosys.
About Infosys
Infosys is a global leader in next-generation
digital services and consulting. Over 300,000 of our people work to
amplify human potential and create the next opportunity for people,
businesses and communities. We enable clients in more than 56
countries to navigate their digital transformation. With over four
decades of experience in managing the systems and workings of
global enterprises, we expertly steer clients, as they navigate
their digital transformation powered by cloud and AI. We enable
them with an AI-first core, empower the business with agile digital
at scale and drive continuous improvement with always-on learning
through the transfer of digital skills, expertise, and ideas from
our innovation ecosystem. We are deeply committed to being a
well-governed, environmentally sustainable organization where
diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE,
BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our
future growth prospects, or our future financial or operating
performance, are forward-looking statements 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 or outcomes 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 the execution of our
business strategy, increased competition for talent, our ability to
attract and retain personnel, increase in wages, investments to
reskill our employees, our ability to effectively implement a
hybrid work model, economic uncertainties and geo-political
situations, technological disruptions and innovations such as
Generative AI, the complex and evolving regulatory landscape
including immigration regulation changes, our ESG vision, our
capital allocation policy and expectations concerning our market
position, future operations, margins, profitability, liquidity,
capital resources, our corporate actions including acquisitions,
and cybersecurity matters. Important factors that may cause actual
results or outcomes to differ from those implied by the
forward-looking statements are discussed in more detail in our US
Securities and Exchange Commission filings including our Annual
Report on Form 20-F for the fiscal year ended March 31, 2024. 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.
Logo:
https://mma.prnewswire.com/media/633365/5070465/Infosys_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/infosys-achieves-binding-corporate-rules-certification-from-eu-data-protection-authorities-302336041.html
