What is data residency and how can a data privacy vault help?
Data residency is a central element of modern privacy laws. It is a set of requirements that govern the location, control, and security of sensitive data that is collected or stored in a particular country, state, or region.
Data residency requirements can get very complicated very fast. E.g., entering a new market requires researching current or future legislation, building requirements into products or services, and ensuring any sensitive data is stored and processed in a compliant manner.
You could replicate your datacenter infrastructure in each market, setting up localized rules, storage procedures, and security measures.
But, as you seek out the most cost-effective data storage in each country or region, you’ll sacrifice the simplicity and maintainability of a single data storage solution for multiple purpose-built architectures in each current and future market.
And as you might have already guessed, this approach is likely to cause more problems than it solves.
Companies need better solutions to meet data residency requirements. Enter the Skyflow Data Privacy Vault.
Skyflow Data Privacy Vault lets you centrally store sensitive data while giving you granular control over where this data goes, what it is used for, how it is secured, and where it is stored.
By storing all of your data in the vault, you ensure that it is encrypted in transit, at rest, and in memory, meeting or exceeding legislative requirements without limiting the usability of this data.
You can host one or more vaults anywhere in the world, allowing you to meet multiple residency requirements, set unique rules, and future-proof against legislative changes.
Moreover, Skyflow is equipped with Connections that enable integration with popular services such as MuleSoft , Stripe , and Plaid to avoid disrupting existing infrastructure.