06/27/2024 | Press release | Distributed by Public on 06/27/2024 10:12
Safeguarding privacy is truly a global priority. Privacy laws have been implemented in 70% of the world's countries, with varying approaches to addressing privacy concerns. Regulatory bodies have strengthened their capabilities in many ways, such as adding cross-functional expertise and increasing staff. New technologies and AI are motivating governments and regulators to evolve their approaches to protecting privacy and, in some cases, to propose new privacy laws.
At Workday, we're always looking ahead to anticipate what matters most to our customers. Because our customers operate in a global economy, their privacy priorities reflect diverse worldwide regulations and standards. We know we must take a global approach to managing our privacy program and developing products that help solve our customers' most pressing problems.
We continue to monitor the global regulatory needs of our customers to help them meet their obligations wherever they use Workday. For example, we help our customers comply with General Data Protection Regulation (GDPR) obligations related to their European workforces. We also invest in meeting our compliance obligations as our customers' data processor under GDPR, and work with our customers to help them adhere to an ever-growing number of state and sectoral privacy laws in the U.S.
Over the past few years, new data privacy and security regulations have continued to emerge across Asia Pacific and Japan (APJ). To help support our customers in this region, we developed a cross-functional task force of subject-matter experts and leaders to better understand customer requirements and work on solutions to help them along their compliance journey.
While there is not a one-size-fits-all approach to privacy, it is essential to have a forward-thinking one that spans each region and remains committed to our privacy principles.
Let's take a deeper look at how we put our privacy principles into action.
We prioritize privacy, which means:
We innovate responsibly, which means:
We safeguard trust, which means:
It's clear that the Workday approach to safeguarding global privacy guides our every action. By understanding the complexities of global privacy regulations and predicting where they will change, continuously refining our approach, and providing unwavering support to our customers, we aim to meet our customers' future needs and exceed their expectations.
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