The legislator has assigned control over personal data to persons and thus also control over the definitions of personal data. If a company needs business and personal data for continuity of business operations, the company will conclude a management agreement with a person.
MYOBI in the role of TTP allows users to exercise control over their data. A user agrees conditions with a partner about processing a set of data definitions. The parties mutually record their obligations in a management or processing agreement. MYOBI facilitates parties to fulfill their contractual obligations using the TTP policy.
The control of data ensures:
- Protecting personal and company data. So also protecting intellectual property and strategic data, the “crown jewels” of the organization;
- Facilitating the exercise of individuals’ rights; and
- Building and managing the information ecosystem.