New trustmark to assure consumers in S'pore their data is pr...

SINGAPORE - Later next year, companies can apply for a new certification assuring customers that their personal data is being properly handled and protected by the firms. The new Credence Data Trust Rating System - launched on Sept 27 by 11 industry players including IBM, Alibaba Group and NUS Business School - grades companies based on the robustness of the firms' data protection and handling measures. Rating certificates will be issued by local information technology and services start-up Credence Lab. Scoring details and other aspects of the rating system will be fine-tuned in a pilot with several organisations, including telco TPG Telecom and Singapore technology industry association SGTech. The final version of the rating system that companies can apply under is expected to be ready in the second half of next year. The framework seeks to include elements of the Infocomm Media D...