Office of the Privacy Commissioner for Personal Data Recognises TransUnion’s Security Measures with the Privacy-Friendly Gold Award
Global information and insights company and Hong Kong’s leading credit reference agency, TransUnion (NYSE: TRU), is proud to receive the Privacy-Friendly Gold Award from the Office of the Privacy Commissioner for Personal Data (PCPD). The award demonstrates TransUnion’s commitment to continually reinforcing its security measures and implementing global and local best practices to protect personal data privacy.
To obtain the Gold Award, TransUnion fulfilled the Privacy Protection Measures defined by the PCPD. These include the implementation of a Personal Data Privacy Management Programme, the appointment of a Data Protection Officer and establishing internal policies on the handling of personal data, all of which are benchmarks of effective data protection and privacy practices. The award recognises TransUnion’s diligence in protecting personal data privacy to help build trust between lenders and borrowers participating in Hong Kong’s financial system.
“As the first credit reference agency established locally, we have been fostering financial inclusion and credit literacy in Hong Kong for over 40 years,” said Marie Claire Lim Moore, Regional President of TransUnion Asia Pacific. “The safety and security of our customers' data has always been our highest priority. We constantly seek ways to evolve and enhance our systems to protect the data we hold. This award will further strengthen the confidence financial institutions and consumers have in our services and products.”
Hong Kong will soon launch the Multiple Credit Reference Agencies' (MCRA) platform which represents a major step forward for the development of Hong Kong’s credit economy offering consumers and financial institutions more choices. “At TransUnion, we are looking forward to contributing to the continued development of the local credit economy by enhancing both service excellence standards and security measures,” added Lim Moore. “We will continue to promote awareness around data privacy and security to help consumers understand how to leverage their credit score to make more informed credit decisions in a safe, reliable and compliant manner.”