Compliance and Transparency in the ICT sector

Building Trust in a Digital World

In today´s rapidly growing digital landscape, the Information and Communication Technology sector plays a vital role in driving innovation and connecting people from around the world, but this comes with great responsibilities too. Transparency and compliance are essential pillars for organizations operating in the ICT sector to establish trust with their people. This blog explores the importance of these two concepts applied in the ICT sector and discusses how organizations can navigate these areas to create a  more secure and trustful digital environment.

How much value does Transparency have?

Transparency serves as a catalyst for trust, allowing organizations to forge stronger relationships with customers, employees, and partners. In the ICT sector, transparency translates to open and honest communication about the data that is been handled, such as data privacy, security practices, and business operations; by providing clear information, organizations can demonstrate their commitment to ethical conduct, credibility, and mitigate potential risks associated with data breaches and privacy concerns.

 

 

How compliance is related to transparency?

            Compliance and transparency are closely related in the context of corporate governance. Corporate governance encompasses the systems and processes through which companies are directed and controlled, and the board of directors plays a crucial role in overseeing this system. While the board of directors is responsible for directing the company, ensuring compliance with laws, regulations, and ethical standards is essential. 

Compliance refers to adhering to legal and regulatory requirements and internal policies; it involves implementing processes and controls to ensure that the company operates within the boundaries set by the law.

            By aligning with compliance requirements, organizations can protect sensitive data, promote fair competition, and ensure the ethical use of technology. 

 Mexican legal actions for Data Protection

In Mexico, the "Ley General de Protección de Datos Personales en Posesión de Sujetos Obligados", enacted on January 26, 2017, by Enrique Peña Nieto, establishes a comprehensive framework of laws and regulations to safeguard the protection of personal data held by obligated entities. 

This legislation emphasizes the importance of both transparency and privacy. It defines protocols and rules that aim to protect and defend the rights of users and individuals, outlining how information should be disclosed, what information should be made public, and what information should be kept private. 

            By enacting this law, Mexico seeks to ensure compliance with data protection regulations while maintaining transparency in the handling of personal information. 

 

            In conclusion, we firmly believe that compliance and transparency are crucial, particularly within the ICT sector. They serve as essential requirements to ensure the development of high-quality products, solutions, processes, and tasks for our customers and shareholders. It is important to bear in mind that whenever you interact with your boss or superiors, you must maintain clear communication to address any potential issues that may arise.

         Regardless of your position or level of responsibility, you have a responsibility to uphold transparency and abide by rules and regulations to maintain order and promote effective progress. However, it is equally important to acknowledge that you have privacy rights and may also bear liabilities about privacy matters.

        Understanding how to effectively manage and control information is a powerful tool, but it can also be a dangerous weapon. Therefore, it is essential to exercise caution and responsibility when handling sensitive information.

By Sonia Mendía, Alejandro Rodríguez