GDPR is the most significant change to data protection law in the EU for a generation – is your organisation ready for May 2018, and most important to continuously protect your data?
The European Union’s General Data Protection Regulation (GDPR) will come into effect on 25 May 2018. Every organisation – irrespective of where in the world they are located – must comply with GDPR if they hold or collect data on European citizens. Failure to comply will results in fines of up to €20,000,000 or 4% of an organisation’s annual global turnover, whichever is greater.
The challenges facing organisations as they seek to become GDPR-ready are considerable, especially for smaller and mid-sized organisations.
Traditional GRC (Governance, Risk, Control) software are ineffective and costly. Therefore, OXIAL is approaching GRC and GDPR with a pragmatic, cost effective and intelligent solution that makes best use of clients’ budgets and skills, in a continuous manner. Not every organisation will need for instance self-discovery PII data software and thousands of man-days project budget, but all will need to identify what kind of data they are managing, what application/workflow should manage this information and who is handling these business processes and how to secure it. GDPR compliance project is not a one-shot project, it is a continuous long-term activity.
The answer lies with the right framework that provides the basis for an on-going, digital compliance solution. The establishment of a Privacy Management Framework is therefore of the highest importance. Our framework identifies 130 activities across 13 categories, all relating to compliance with data protection laws and the processing of personal data. These are activities that can be implemented, tracked and monitored via automation or supervision by our experts directly within the digital platform.
This approach is the solution for continuous compliance, supporting all requirements for data regulations, guaranteeing personal data confidentiality and providing all the tools necessary to manage claims, provide evidence and anticipate incidents. This digital approach will turn GDPR into an asset, not an iceberg.
OXIAL has more than a decade’s experience managing digitised compliance programs for organisations, and has partnered experts, to add a high-level security element to the solution. The companies’ combined experience and technical know-how, provides a smart and simple solution that provides 100% compliance to GDPR, while ensuring data is protected. OXIAL GDPR EXPRESS solution provides you those benefits:
OXIAL GDPR EXPRESS 360 solution is oriented around those key functional aspects:
