DMA extends compliance process for businesses that buy or sell data
24th October, 2016 at 10:12am
The DMA has announced the introduction of an additional compliance audit for all companies that buy and sell data. In line with the DMA’s drive for the highest standards and a responsible approach to data-driven marketing, the audit has been introduced to provide additional assurance to brands and reinforce the importance of only working with DMA member companies.
DMA member businesses that buy or sell data will be asked to go through an external audit that has been designed by the DMA, and will be conducted by an independent third party. At launch, the DMA has partnered with DQM GRC to conduct these audits.
Rachel Aldighieri, MD at the DMA, comments: “In an increasingly connected world, data forms the backbone of many businesses. Customers need to be able to trust that any data a company has on them will be treated in the correct way and that any business is being transparent about how they want to use that information. The updated compliance process ensures that DMA members continue to work to the highest standards and that membership remains a badge of accreditation that can be trusted in a data-driven world. Using an independent third party brings specialist knowledge in this area and ensures objective scrutiny so that the audit process is as stringent as it needs to be.”
Fedelma Good, Director, Information policy & business controls at Barclays, added: “In today’s digital era, every interaction has the potential to create new data on existing or prospective customers. It’s crucial that everyone – whether brand, marketing agency or supplier – embraces fully the objectives of transparency and trust when it comes to the gathering and use of this data so that confidence in digital and direct marketing is consistently reinforced. The DMA’s extension of its compliance process means that when we’re working with another member, we can be sure we’re working with a likeminded business that is accountable and acts responsibly.”
The updated process for those companies buying and selling data who wish to join the DMA will be implemented immediately. Existing members of the DMA that fall into this business category will be made aware of the need for an external audit a minimum of three months before their scheduled renewal date in 2017.