Since the digitised age has begun, we’re constantly being reminded that there’s vulnerability when we share data and expose it to third parties. GDPR or General Data Protection Regulations – related to the EU laws – have worked like a magical shield to unify all of Europe against digital exploitation and yet fulfil all functionalities.
When we talk about GDPR compliance in all the organizations around the world, we tend to find that all the facts indicate its close relationship with EU. EU or the European Union surely acts as the place of GDPR’s inception but when we further research about this regulation we can find other facts that might connect the importance of a GDPR consultant in making an organization compliant to this regulation. It is a fact that GDPR was introduced to safeguard the data protection and provide methods to enhance the data privacy for all the members of EU. But in today’s time, after its enforcement as a law GDPR has turned into more of a necessity than an option. As we all know, GDPR is not only limited to the EU member states, this factor can stand as a proof because, as soon as it was established as a law, it became mandatory even for those businesses which don’t natively belong in EU. Considering the global market, data privacy has been the topmost issue and building a secure cyber-security network is becoming a dire need. We can blame it all on the rise of competition in the current scenario, or the digitization, or the technological advancements and feats, but the underlying fact would be the same. The fact that cyber-security is a need for all the big conglomerates and the small businesses in any and all of the scenarios helped GDPR build its relevance in the market and out outgrow further to become a regulation in law. Coming to big conglomerates, we know for a fact that in today’s market, especially after the boom in digitization; mostly all of them handle personal data of their users. If this very phenomenon is viewed under a different light to trace its connection with the ongoing competition between all the companies we can observe that the chances of getting a network breach become higher, because we know for a fact that ‘where there is information, there are hackers lurking around it’. Well, after it became mandatory for all the businesses who handle personal data of their customers, it wasn’t pretty late when GDPR became applicable to those who work as a third-party and process all the personal information on behalf of another one. But if we understand this regulation in today’s context and draw viable conclusion as per our observation, we can find that any resistance towards it is as unnecessary as it is to blame the market and not a particular company. The growth in the market of GDPR consultancy services and the firms who provide them was something that all the existing players foresaw as an intuition, after analyzing all the web development trends and their effect on global economy. Places like London and US that are host to famous companies in the world have actively taken part in the convention to make their businesses compliant to GDPR, and with building trade relation among the nations, the importance of this regulation has grown exponentially. So much so, that companies who provide GDPR services have increased in number. For the consultancy sector, GDPR was equally beneficial, as it comprised of such methods which contributed heavily towards the growing cyber-security needs among all the players in the market. And as the companies providing GDPR services grew in number, the other organizations were able to pick from the best. Although the regulation had its own set of methods to ensure data security, it wasn’t easy for any company to examine all the issues regarding its protection under this premise. So, it was devised that GDPR has to be studied thoroughly and only then can an organization understand its role. Speaking of methods in GDPR, Let’s take a quick look at them and understand which third-party company can provide the best service in this respect. • Review of GDPR readiness • Evaluate privacy impact • Reviewing the existing privacy architecture • Auditing personal data of the client (organization) • Contract and policy review • Awareness Briefing • Certified training Now, there are nations around the world who have such players who offer finest GDPR services but the main factor to differentiate the best from the not-so-best companies is how dedicatedly they provide these solutions considering their clients’ interests. When we talk about firms that offer GDPR services, London is one of the paces that have some of the best in the sector. A GDPR consultant in London and/or a firm is an individual that has seen the market dynamics first hand and has been trained for any challenge that might surface. We at Assured GRC understand the importance of GDPR compliance in our client’s organization and offer best solutions to prepare their teams and employees for any unforeseen network breach. Our company offers solutions that are genuinely directed towards customer satisfaction. The main factor while making a firm compliant to GDPR, is the transparency the client organization needs from the company they hired and so, we keep our clients in a constant loop while we work thorough their policies and guide their members to tackle important threats. This way we try to build a strong relationship that proves to be effective in the long run. And that’s what differentiates us from other firms in the market. One of the many reasons to trust our firm with GDPR consultancy services, is that we focus on all the solutions that an ideal GDPR consultancy firm should offer and perform them with all the professional delicacy you can expect, and as per the coaching services are concerned, we train them for the ever changing and ever growing competitive market and fill them up with tactics that they can apply to any particular issue. As we all know that every employee of an organization is supposed to take guidance for overcoming situations like this, we at Assured GRC for this sake, provide consultancy services to each of the employee regardless of the management. As far as GDPR compliance is concerned, providing consultancy to each of the employee can contribute to the overall betterment of the organization.
When we talk about other operations a business needs to perform without losing the focus that it has on the competitive market, we need to consider the fact that these responsibilities are performed with the sole purpose of mitigating the broader issues that might hinder with all the other activities in the business. Looking at the competition in the current scenario, it is evident why every company should fulfill all the requisites that are required for safeguarding the business. If we take a look at the global market, many nations have already focused on the competitive nature of their economy and have laid such regulations like GDPR. Europe came up with one of the most revolutionary regulation to protect its businesses from data theft and privacy reach of their customers. If we take a broader look the matter, we can find that the growth in the demand of a GDPR consultant is nothing but an indication that businesses taken this proposition seriously and also that it is effective for them.
Equating GRC with GDPRSpeaking of GDPR, as we all know it has its focus on data protection of the firms; it can also be viewed as an integral component in a company’s GRC policies. To understand this statement, let’s understand the term first. Only after knowing what Governance, Risk, and Compliance is all about, can we fathom the fact that GDPR is actually a part of GRC. 1. Governance: It reflects how effectively and ethically the top-tier management of a company tackles all the management-related issues. 2. Risk: Risk showcases the company’s ability to cost-efficiently tackle the risks that have the potential to attack the business operation. 3. Compliance: Compliance is when a company abides by all the regulatory requirements for the business’s operation, like data retention and other practices Now that we have known what GRC really is all about, we can take “Compliance” as the premise to further conclude that both, data protection and other services provided by a GDPR consultant are a part of GRC policies Speaking of these policies, there are issues that are tackled by successfully implementing them, and if not, the company can expose itself to such threats that might affect its very existence in the market.
Interpretation of GRC in Recent TimesAccording to a recent report, many experts refrain from agreeing on the standard definition of Governance, Risk, and Compliance for the issue that it doesn’t showcase the whole idea. The Open Compliance and Ethics Group have defined GRC in a more comprehensive way. It has defined GRC as a system of people, processes, and technologies that enables the organization to perform multiple tasks that ensures its security against multiple threats.
GRC strategies according to OCEG help the organization to:• Understand the issues of the stakeholders and prioritize them accordingly • Establish objectives that are in accordance with the values and risk • Achievement of objectives along with optimizing the risk profile of the company • Ensure if all the activities are being performed within the legal, contractual, internal, social, and ethical boundaries. • Provide accurate and relevant data to the stakeholders under a stipulated schedule • Measuring if the system’s performance as well as its effectiveness is in place.
Understanding the ConceptWhile we see many interpretations, is it an issue of confusion? Not at all. If we take a closer look at both the definitions, we can see that Governance, Risk, and Compliance mean exactly the same. The underlying fact that GRC is a set of strategies that an organization executes in order to protect its business form both internal and external threats. Data protection can be viewed as one of the components of GRC framework because GRC includes the regulation of data protection in the interest of an organization. If we take a look at the second definition, we can find that OCEG has kept in mind the core principles of a GRC framework and has defined a newer concept that includes all the aspects that are supposed to be covered in an ideal GRC framework. Moving further, if we consider the services provided by a GDPR consultant, we can say that all the services that he provides are congruent to the value of the company and the amount of risk it faces, thus, proving bullet point number three mentioned above as the new definition of Governance, Risk, and Compliance. A befitting analogy of this research being, if a business is looking for GRC consultancy services, it should pick an agency that can provide such services that are correlated to its values, risk, and GDPR needs if necessary. Assured GRC can be your topmost choice in this respect as we provide our clients with services that are both transparent to our clients and are easy and effective to perform. Call us at +44 (0)203 4759 932 and connect with us today.
GDPR regulates just about every piece of information or data you collect from the users, customers, and anyone else who get in touch with your website or business. GDPR might be a new term for you, but data privacy & protection regulations are surely not. At Assured-GRC, our excellent team of data protection and GDPR consultants offer new-age, practical, and useful solutions for all your GDPR, privacy, and cybersecurity challenges. Regardless of your organization size and module, our solutions are regulated and endorsed by a Fellow of Information Privacy and completely safeguarded, giving you the consolation that you are in the best hands and leaving you allowed to concentrate on your core business activities. Our GDPR execution specialist encourages you to keep your business lined up with the new GDPR compliance. Our teams advise on how you can manage, protect, and process the personal data of both the customers and staff line with the organization’s legal and regulatory obligations. Some of the Critical Privacy and Data Protection Requirements of the GDPR are: • Requiring the consent of subjects for information processing • Giving notification about data breaching • Anonymizing gathered information to ensure protection • Securely taking care of the infomation exchange across borders • Requiring specific organizations to name an information security officer to supervise GDPR compliance Whether you require an answer for a particular challenge or need assistance with your start to finish the compliance process, we have the tailor-made solution for your organization. We are well-known as a GDPR and Privacy Services Consultancy in London. We have been working in information security for more than 20 years and have encountered information protection advisors; industry demonstrated systems and has upheld various associations and enterprises in complying with applicable privacy requirements. We have people with driving security experience and certifications like Chartered Information Privacy Professional / Europe (CIPP/E), Chartered Information Privacy Technologist (CIPT), etc. You Can Trust Assured –GRC as Your GDPR Compliance Solution Provider to Get Relieved from the Issues Like: