Data privacy regulations and laws are designed to ensure the protection of sensitive employee, customer and corporate data. The consequences of non-compliance can be severe and, until a breach occurs, it’s impossible for a corporation to know if they’ve done enough.
There are three integrated and essential elements for defensible regulatory compliance:
An up-to-date and accurate Data Inventory and Data Processors database
A full-scale Vendor Risk Profile for all processors and other third-party vendors
A comprehensive Data Minimization effort based on international retention rules and accepted process
The Data Privacy Compliance Service provides concurrent and tightly-structured processes to enable rapid and ongoing compliance for all three compliance elements. The service components are proven worldwide and provide a perfect combination of compliance, defensibility, and repeatable due diligence. The service offers unlimited reach, so you can achieve full coverage across global operations.
DATA INVENTORY/PROCESSING ACTIVITIES. This component enables a rapid and comprehensive completion of the required data inventories for international requirements. Reach is unlimited and all collected information is centralized for reporting, data mining, and use for development of accurate privacy impact assessments (PIAs) and other purposes.
VENDOR RISK PROFILES. Data privacy obligations are the responsibility of legal and compliance managers. Third-party diligence is explicit or implied in every primary international regulation. This component provides the best way to use international standards to simply and rapidly survey all vendors that are not currently being assessed by IT or other departments in your company. Vendor scores are heat-mapped and problems are surfaced to allow further action.
DATA MINIMIZATION. Data minimization is required by data privacy directives and it must be done in a defensible, sequential manner. This component includes international retention rules for rapid approval and full automation and support for program communications, preservation orders, and a full audit trail.