Privacy Compliance

Managing data obligations with ease.

The Connected Risk® Privacy Compliance tool offers a cohesive system to oversee and track data privacy rules, including GDPR and CCPA. It enhances privacy measures by incorporating data from the Unified Compliance Framework (UCF). This allows firms to correlate 9,300+ IT control statements with 1,200+ regulations.

Connected Risk®’s compliance solution also facilitates processes for data protection evaluations, policy oversight, data privacy checks, third-party coordination, and problem resolution. User-friendly dashboards present immediate insights into privacy management activities. With this tool, you can reduce data breach risks and ensure private data is managed securely and in compliance, boosting organizational trust and sidestepping legal and reputation setbacks. 

Advance your data privacy compliance with confidence.

Obtain instant insights into various compliance actions such as policy categories, current status, audit records, and ongoing documents. Enhance your understanding of your privacy compliance initiative, evaluation processes, and the comprehensive compliance outlook via preset, up-to-the-minute reports, tailored dashboards, and visual summaries. Acquire an immediate perspective on risks using dynamic, customizable reports, risk visualization matrices, and risk evaluation.

Establish and uphold a unified framework encompassing compliance elements such as regulations, processes, assets, risks, controls, and audits. Simplify the formulation and establishment of privacy compliance policies and protocols, alongside managing evaluations, endorsements, relaying these standards to staff and external parties, and recording affirmations and deviations. Delegate responsibilities and controls to pertinent stakeholders and oversee their advancement and potential shortcomings. Correlate privacy controls with regulations and guidelines, facilitating a cohesive strategy for continuous privacy and compliance tasks.

Recognize and evaluate the potential threats of data processing operations using automated Data Protection Impact Assessments (DPIA)s. Formulate DPIA questionnaires, allocate them to data handlers, and analyze outcomes using adaptable scoring mechanisms. Enhance insight into IT resources and structural components housing personal information. Detect, evaluate, measure, and oversee the vulnerabilities concerning this data within an integrated IT risk evaluation structure.

Optimize and mechanize audits for assessing the efficacy of privacy controls and procedures. Make audit planning and timing more straightforward, establish audit activities, oversee documentation, and document audit results. Produce audit summaries like the relevancy statement of controls and a risk-focused action plan for areas not in compliance.

Handle grievances from data individuals, requests for personal data removal, and oppositions to data processing. Simplify and unify the process of logging cases, probing, resolving, and documenting. Oversee and keep an eye on the real-time progress of each case.

Promote business and operational robustness by evaluating and overseeing third-party involvements and associated risks in accordance with privacy standards. Instinctively initiate risk and control evaluations for third-party data handlers to pinpoint high-risk areas. Utilize these findings and overarching insights to preemptively strategize responses to potential data breaches and assess recovery strategies. In the event of a breach, activate a structured methodology to register, monitor, delve into, document, and address the incident.

Leverage the product’s integrated automated processes to ease the policy development, evaluation, and authorization phases, promptly dispatching automatic alerts to the intended recipients. Organize and craft control tests or self-evaluation strategies using surveys and quizzes. Set up and implement IT compliance evaluations, certifications, and control self-checks using established templates and timelines.

How Connected Risk™ Privacy Compliance Benefits Your Risk Management Teams and Your Organization's Risk as a Whole

Stay Compliant and Avoid Fines

Maintain compliance and sidestep hefty penalties by ensuring that data protection and processing align with international data privacy norms.

Improve Visibility

Enhance immediate insight into the comprehensive data privacy compliance stance, as well as the current status of problems and their resolutions.

Synchronize Controls

Minimize compliance endeavors and expenses by synchronizing controls through a risk-centric strategy.

Obtain Guidance

Manage enterprise privacy requirements including risk, audit, and third-party assessments with a unified and integrated solution

Make your data privacy team's life easier.

Talk to an expert.

Fill out the form to the right to be connected to one of our Solutions Experts that can assist you with standing up a proof of concept or even working within your parameters to get a demo started for your group today. 

Learn more about our Connected Risk® Privacy Compliance solution and how it can manage the entire GRC lifecycle within your organization.

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Connected Risk™ provides you with a single source of truth that provides infinite linkage capabilities, and in turn, increases data quality and knowledge sharing.

In the past, risk professionals have had to accept that a solution could only manage a subset of enterprise risk management (ERM), for example, operational risk management (ORM), credit risk management or market risk management.

With Connected Risk® you receive advanced data mapping capabilities that enable multiple risk data streams to be combined with the solution to deliver a holistic view of risk, enabling your teams to:

Track history

Track the full history of the organization’s risk profile, utilizing an integrated reporting engine and mapping capabilities.

Maintain multiple taxonomies

Maintain multiple taxonomies and inter-relationships to provide an aggregated picture of risk across the business.

Create action plans

Create action plans in response to adverse risk indicators and incidents, from capture to closure.

Maintain a dynamic view

Maintain a dynamic view of risk appetite and execute robust responses to events that threaten to exceed your appetite.

Benefit from flexible models

Benefit from a flexible “best of both” data model through the ability to leverage disparate data sources with integration into third-party systems

Expand and integrate your solution with

Regulatory Change Management

Quickly identify, capture and manage multiple sources of risk across the enterprise.

Compliance Management

Aggregate & streamline compliance programmes and reveal an understanding of your risks.

Model Risk Management

Create and maintain your model inventory using effective workflow management.

"Powerful Platform For Compliance With Dynamic Regulatory Environment"

5/5

“The product is a powerful platform for regulated firms in the financial industry to comply with the ever-changing regulatory environment. The software helps my organization navigate rules and regulations, internal processes, and regulatory reporting requirements.”

Senior Associate, Finance Organization with an annual return of $1-3BN USD

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