Box Extends Global Cloud with Milestone BCR Approval
20 September 2016 - 7:00PM
Business Wire
- EU regulatory approval for Box's best in
class data protection standards -
Box (NYSE:BOX) a leading enterprise content platform, today
announced that it has completed the EU approval process from the UK
Information Commissioner’s Office (ICO) and the Spanish and Polish
Data Protection Authorities (DPAs), for its global Binding
Corporate Rules (BCRs) as data processor and controller. This dual
certification, covering both the personal data of its customers and
that of Box’s own European Economic Area (EEA) employees, validates
the company’s implementation of the highest possible standards for
protecting personal data globally.
“This is a huge milestone as we continue to scale
internationally while focusing on offering what we
believe to be the most secure enterprise content management
platform in the world,” said Joel Benavides, Sr. Director
Global Legal & Advocacy at Box. “The DPA’s approval of our
BCRs enables companies across Europe to deploy a validated cloud
environment in accordance with the highest data
protection standards available today.”
To gain approval from the European DPAs, Box underwent extensive
review of its global group of companies’ data privacy compliance
policies and procedures as required by the EU DPAs.
BCRs are company-specific data protection policies, which enable
multinational companies to transfer personal data within their
group (as controllers) and to process personal data of its
customers in locations outside the EEA (as processors). The BCRs
are based on rigorous criteria and Box is one of only a few
software companies in the world to have received approval for its
BCRs.
The BCRs are also intended to ensure that personal data has an
identical level of protection and security no matter where the
customer is based in the world. Achieving the highest possible
standard for dealing with data makes Box a sensible option for even
the most security conscious companies around the world.
"Binding Corporate Rules (BCRs) were developed by the European
Union Article 29 Working Party to allow multinational and
international organizations to have a consistent compliant
framework for making intra-organizational transfers of data across
border in compliance with the EU Data Protection Law," said Duncan
Brown, Research Director, European Security Practice, at IDC EMEA.
"BCRs provide the highest level of compliance, accountability and
assurance for international organizations. There are very few
companies with approved global BCRs and Box is one of the first
cloud service providers to achieve this approval.”
Box has customers across multiple geographies including Europe,
Asia and the Americas. It also services multinational customers
from all major industries, including finance, healthcare,
construction, life sciences, media and entertainment, retail, and
non-profit. Box serves over 66,000 organisations today, including
Eurostar, Hamburg Airport, Spotify, AstraZeneca, General Electric,
among others.
Today’s news follows the company’s recent announcement that it
now complies with ISO 27018, the standard for protecting Personally
Identifiable Information (PII) in the cloud, set forth by the
International Standards Organization. By complying with ISO 27018,
Box adheres to a uniform set of guidelines that spans regions, so
businesses can adopt Box with confidence that the service they
receive adheres to global privacy standards, often resulting in
streamlined contract processes and expedited global expansion for
customers. This achievement adds to Box’s existing support for
compliance with ISO 27001, which the company achieved in 2013.
Box also holds APEC Cross Border Privacy Rules, and with today’s
news the company becomes one of the first in the world to have both
APEC CBPR and approved BCRs.
About Box
Founded in 2005, Box (NYSE:BOX) is transforming the way people
and organizations work so they can achieve their greatest
ambitions. As a leading enterprise content platform, Box helps more
than 66,000 businesses, including General Electric, KKR &
Co., P&G and The GAP securely access and manage their critical
information in the cloud. Box is headquartered in Redwood City, CA,
with offices across the United States, Europe and Asia. To learn
more about Box, visit www.box.com.
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BoxTitus Thomson, 44 (0) 7598029952Titus@Box.com
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