Equifax® (NYSE: EFX), has announced it is an early adopter of the National Institute of Standards and Technology (NIST) Privacy Framework, which was released on January 16, 2020. Equifax is among the first companies to align with NIST’s framework. Adoption of the NIST Privacy Framework builds on Equifax’s previous support for and adoption of the NIST Cybersecurity Framework.
Developed in collaboration with public and private stakeholders, the NIST Privacy Framework is designed to help organizations balance the need to protect people’s personal data while developing products and services that rely on data. As a data, analytics and technology company, Equifax’s status as an early adopter further establishes its transformation into a leader in privacy and security.
Over the last year, Equifax has collaborated with NIST and other stakeholders on the framework and recognized the need for risk-based tools to help organizations manage and secure personal information while providing real value in products and services.
Equifax understands people want more control over how their personal information is collected, used, shared and protected. As a result, Equifax has committed to responsibly and appropriately using personal information and to properly balance privacy with the important role data plays in today’s modern economy.
About NIST: The National Institute of Standards and Technology (NIST) was founded in 1901 and is now part of the U.S. Department of Commerce. NIST is one of the nation’s oldest physical science laboratories. Congress established the agency to remove a major challenge to U.S. industrial competitiveness at the time—a second-rate measurement infrastructure that lagged behind the capabilities of the United Kingdom, Germany, and other economic rivals.
From the smart electric power grid and electronic health records to atomic clocks, advanced nanomaterials, and computer chips, innumerable products and services rely in some way on technology, measurement, and standards provided by the National Institute of Standards and Technology.
Today, NIST measurements support the smallest of technologies to the largest and most complex of human-made creations—from nanoscale devices so tiny that tens of thousands can fit on the end of a single human hair up to earthquake-resistant skyscrapers and global communication networks.
To learn more about the NIST Privacy Framework, visit https://www.nist.gov/privacy-framework.
Source: Equifax Press Release