Acuity Risk Management

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Beyond the basics:
Ensuring data privacy

In today’s rapidly changing business landscape, it’s essential to go beyond the privacy basics to ensure compliance with strict regulations and standards.

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What does ‘good’ look like?

A good privacy management program is one that effectively and efficiently maintains compliance with privacy regulations. While avoiding all privacy breaches may be infeasible, a diligent risk-based approach will minimize the potential for regulatory fines and reputational damage due to non-compliance.

  • Effective and efficient compliance with privacy regulations.
  • Timely response to DSARs and other privacy requests.
  • Justified and comprehensible investment.
  • Evidence to minimize the risk of regulatory fines and reputational damage.
  • Integration with cyber, IT and operational risk management.

Datasheet

Privacy management

Privacy regulations such as GDPR and CCPA require new processes for handling personal data. These include records of processing activity, data flow mappings, processing notices, data-subject access requests, breach notifications and data protection impact assessments. The regulations also require a risk-based approach to compliance. STREAM’s Privacy Management application can help your organization address these challenges.

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Processes and features

Privacy management is an ongoing process, not a one-time activity. Here are some of the steps involved in managing privacy compliance using STREAM.

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Compile a repository

STREAM helps you build a centralized repository of privacy compliance data: data flow mappings, processing notices, data subject access requests, breach notifications and data protection impact assessments.

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Devise a risk-based decision method

Make decisions based on risks to the rights and freedoms of data subjects.

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Construct a workflow

Use STREAM’s configurable workflow to guide your actions and responses for privacy processes and data breaches.

accumulate-evidence

Accumulate evidence

Continually gather evidence to demonstrate your diligent risk-based approach to managing privacy concerns to minimize regulatory fines and reputational damage following a breach.

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Establish accountability

Detail accountability to address non-compliance and unacceptable risks from identification to completion.

integration

Integration

Seamlessly integrate privacy with other applications, such as cyber risk for justifying actions and expenditure to address common privacy and cyber security requirements.

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