The General Data Protection Regulation comes into force in May 2018. Are you ready?
Ensure that your business and data is compliant with the General Data Protection Regulation (GDPR) to avoid fines up to 4% of your annual turnover and get ahead of the game.
GDPR comes into effect on 25th May 2018, and organisations doing business within the EU will have to get their data compliant with the new standard. Failing to meet GDPR will have a major negative impact on your business, and could turn out to be costly with fines up to 4% of your annual turnover. The question is, are you a GDPR compliant organisation? If not, now is the time to get prepared to become one or face serious consequences.
What is GDPR?
GDPR is intended to tighten the data protection and usage rights of individuals and businesses. The main objective of GDPR is to make data more secure and private for the users. The new regulation will protect the data privacy of individuals and stresses on the need for organisations and government agencies to protect sensitive individual data.
How to approach GDPR?
Rather than viewing GDPR as a burden, it is a great opportunity for organisations to analyse their current status in terms of data security, privacy compliance and customer satisfaction. This can be leveraged as a roadmap to build a secure, data-driven business approach that will build customer trust and transparency.
How Acuma does it?
Acuma has 20+ years of experience in the EU market, across all business sectors. With extensive expertise in information management, data governance, reporting solutions, privacy regulations etc., Acuma can lay the roadmap for your organisation to be GDPR ready. Our framework consists of five crucial areas that cover the entire GDPR requirements.
It is important to note that even the slightest of mistakes can lead to a non-compliant status for your organisation. Therefore, it is important to ensure that everyone in the organisation is onboard and on the same page. Acuma helps to efficiently communicate the policies and procedures to everyone involved in the process and show how non-compliance can cost a huge sum to the organisation.
Data Mapping and Transparency
Organisations process millions of pieces of data on a daily basis. The whereabouts of a major portion of this data such as how the data is captured, from where it is captured, the privacy regulations etc. are unknown. Acuma helps to map the data, classify it on different parameters and build a record of the processes, activities and history of data. This enables organisations to track data from the beginning and ensure it is GDPR compliant.
Data reporting is the crucial stage towards GDPR compliance. An organisation communicates data in two ways – Internal (employees, sister companies, technology partners etc.) and external (customers, shareholders, business partners, auditors etc.). The main challenge is to communicate the right data, in the right amount to the right audience. It should maintain transparency, at the same time should comply with the privacy regulations. Acuma helps to build a reporting policy that serves each of the stakeholder’s need without compromising on transparency and privacy. Our architecture is developed in full compliance with the upcoming regulation that will optimise the data reporting and communication process.
Digital architecture and processes have contributed a great deal towards increased efficiency and optimum use of resources. However it has left organisations vulnerable to security threats such as data manipulation, unauthorised access, and privacy violations. GDPR takes a huge step to eliminate these risks and demonstrate data protection and security demands. Acuma’s analytical capabilities, risk assessment policies and processes minimise security risks and offers enhanced data security.
Data Lifecycle Management
Without proper data control measures, it will create operational, security, and privacy gaps that will increase risk. Companies should organise the data storage, inflow and outflow, accessibility and processing in order to protect it from high risk security threats. Acuma guides organisations on:-
- What to keep in-house and what to keep on the Cloud?
- Who should access Data?
- How much transparency is allowed to each user group?
This minimises unauthorised access, cloud security threats, data crash etc, and offers a secured data lifecycle management.
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