The General Data Protection Regulation (GDPR) is an EU regulation that became effective on the 25ththird May 2018. It imposes certain obligations on individuals and entities that collect personal data of EU residents, including: (i) establishing appropriate technical and organizational measures to ensure the security of personal data collected, (ii) legally processing personal data, (iii) proving compliance with GDPR, (iv) terminating data processing agreements with data processors (if any) and (v) reporting data breaches to competent authorities.
While sole traders and other small businesses can easily comply with GDPR by hiring qualified professionals, large organizations, in addition to their external or internal expertise in the GDPR field, need data privacy software that facilitates GDPR compliance and the costs associated with it. The purpose of this article is to analyze the status of data privacy software and provide speculation about its future. (Think you don't have to comply with the GDPR because you're not in Europe? Think again: GDPR: Do you know whether your organization needs to comply?)
State of the art Data Privacy Software
Data Flow Mapping Applications
This type of application allows organizations to track the flow of personal data. This also allows them to prepare the necessary privacy policies and data processing agreements, as well as address GDPR violations. For example, the BigID application enables organizations to build personal information maps without having to copy data. It can also be used to analyze personal data by person, status, access and type of data. External data mapping is another example of an application that has features. Provides profile data profiles, that is, identifying the places within the data organization and relating the data to specific security and privacy regulations.
Requests to prepare GDPR-compliant privacy policies
Data breach reporting requests
The GDPR requires organizations to issue data breaches to the competent data protection authorities as soon as they are aware of it, but 72 hours later. For this reason, it is of utmost importance that a corporate company that finds infringement immediately notifies the data protection authorities of data breaches. Cloud applications such as VOBE GDPR allow each corporate organization to share data breach information with the rest of the organization. (Non-compliance with GDPR may be the target of cybercriminals. Learn more about Cybercriminals Using GDPR for Rent Income.)
Requests to collect cookies
GDPR Compliance Checklist Applications
While organizations can use easy spreadsheets to list applicable GDPRs and their compliance status, large organizations may have advanced applications to create GDPR compliance lists. For example, the Standard Fusion cloud-based application allows companies to easily create GDPR compliance checklists for GDPR compliance status (e.g., "consensus," "low consensus," "opportunity to improve") and other information. each of these legal requirements.
Other applications related to GDPR
There are many applications that do not fit into the field of five mentioned groups. For example, encryption software, such as SimpleumSafe, allows businesses to protect personal data using encryption. In doing so, they will fulfill their GDPR obligations to implement appropriate technical security measures. Log360 can help you implement such measures. It has the ability to manage records, which allows organizations to defend themselves from external and internal threats. Consentric GDPR is another software that facilitates compliance (more specifically, compliance requirements). Enables efficient management of customer permissions and preferences.
The Future of GDPR Compliance Software
Most of today's GDPR compliance software applications fall into the domain of one or more of the six groups discussed above. Therefore, organizations that are willing to take advantage of the features described in each of these groups must rely on multiple software applications. The lack of interoperability between these applications can lead to technical and administrative problems.
We therefore expect to see comprehensive applications for GDPR compliance that will have many functions in the future. In addition, since many current applications have complex user interfaces, we can expect future GDPR compliance applications to facilitate communication with humans through intuitive user interfaces and artificial intelligence. In fact, in 2019, US-based U.K. Launch of data-based privacy software Privat has raised $ 40 million, clearly indicating that there is a strong interest in innovation in the area of data privacy software.