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New funding and product releases, plus big tech fines heading into the new year

Ready to close out 2020 and looking forward to new starts in the new year! Best wishes for a safe and healthy holiday, and we'll see you in 2021. 

--Susan Raab, Editor

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Largest privacy vendor now valued at $5.1B 

OneTrust gains $300M Series C funding

Led by a new investor, TCV, this newest round for OneTrust brings its total raised to $710M in just 18 months. More than 7,500 organizations including more than half of Fortune 500 companies use OneTrust to manage their privacy and security.

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BigID, Sourcepoint announce new funding

BigID announces $70M in funding; valuation now exceeds $1B

BigID, which closed on the funding earlier this year also announced its platform can now be integrated with SaaS applications from ServiceNow.

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Sourcepoint raises $17M for total of $47.8M of investment since 2015

Funds will be used for R&D for ways to monitor privacy compliance and digital citizenship.

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IT'S THE LAW

UK Online Harms Bill due early 2021 proposes fines of up to 10% revenue for spreading harmful content, misinformation or disinformation. It will apply to any company that serves UK-based users and will cover a large range of topics.  It is the first attempt by the government to regulate online misinformation .

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Zoho survey reports 63% of businesses know but don't tell customers about 3rd-party tracking

One-third said they depend on third-party ad platforms to meet sales goals.

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Privacy Bee provides consumers one-click privacy management tool

Offers consumers streamlined privacy management to manage preferences depending on level of relationship (active, neutral, none) they have with a given company.

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Privacy Grader gives companies privacy self-scoring tool for websites

Company websites can be scored within 24 hours against up to 50 different factors, including on regulatory compliance, tracking, and data retention. 

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In Brief:

Twitter fined $547,000 by Irish DPO for GDPR rule breach: First time financial penalty issued to US tech firm. Read More   

FTC gives ByteDance, Facebook, YouTube 45 days to explain customer data use: Enforcement action could follow. Read More

Australian commission reopens Facebook investigation: Questions misuse of consumer data related to VPN. Read More 

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