With the advancement of privacy management regulations, enterprises with global operations are adapting to the highest regulatory requirements. It’s a unique market and cannot be easily solved by a company’s existing GRC deployment. An outcome of this current privacy environment is the General Data Protection Regulation (GDPR) in EU, where individuals would want organizations to respect their privacy. However, the unique record keeping in GDRP requires business context to be recorded and also, risk needs to be evaluated towards the individual and not the business which requires a unique workflow.
At this juncture, as a market leader in the GDPR privacy management space, Atlanta and London-based firm OneTrust provides solutions for data protection and privacy regulations including the EU GDPR. “Our deep expertise in data privacy and understanding of the practical implications of the GDPR has led to the creation of the most comprehensive and easiest to use privacy management solution in the market,” says Kabir Barday, CEO of OneTrust.
Within a year of its inception, the company has established itself as the fastest growing privacy management software platform globally to comply with data privacy regulations across sectors and jurisdictions. The firm’s acumen in Data Mapping solutions enables organizations to visualize the entire data lifecycle, monitor inventory, and identify the red flags. The company also provides multiple ways to map data flows with built-in questionnaire templates.
The platform is modular to easily fit with an organization’s privacy initiatives with solutions for GDPR Accountability and Privacy by Design, Assessment Automation (PIA / DPIA), Data Mapping Automation (Questionnaires & Scanning Based), Website Scanning and EU Cookie Compliance, Subject Rights Request Management, Consent Management, Vendor Risk Management, and Incident Reporting.
OneTrust’s deep expertise in data privacy and understanding of the practical implications of the GDPR has led to the creation of the most comprehensive and easiest to use privacy management solution in the market
The firm’ software platform is very flexible and scalable as it can be deployed either on-premises or in the cloud.
The uniqueness of OneTrust can be attributed to its high-shield approach to integrate the ongoing privacy workflows. OneTrust shares an underlying architecture across privacy impact assessments (PIA) and data mapping where PIAs get automatic updates of data flows, inventories, and risks analysis. This new result embeds within the data map to re-assess the existing data structure of businesses.
Featured in the Gartner Hype Cycle for Privacy 2016 and Ovum’s On the Radar report, OneTrust’s privacy management software has brought success to over 1000 organizations including Fortune 500 companies and SMBs. Recently, a leading financial company with a customer base of over 86 million was facing intricacies to handle the personal data of its clients and comply with applicable standards of GDPR. With the help of OneTrust’s software-based tools, the client will streamline and scale up its privacy program across both customer and employee data while also incorporating their global network of Data Protection Officers (DPO).
Barday further emphasizes on the importance partnership programs can play in elevating the success graph of its clients. To this end, OneTrust joined the RSA Ready Technology Partner Program to offer an integrated, privacy-focused solution with RSA Archer GRC Platform. This partnership program allowed the firm to beef up the existing GDPR solutions of its clients and enable them to leverage use cases of both RSA Ready Technology and OneTrust with a centralized platform. Along with accelerating the GDPR programs, the combined offering allows organizations to account for the unique requirements of GDPR while maintaining the benefits of consistency that an overall enterprise Governance, Risk Management, and Compliance (GRC) program brings to an organization.
“We see our product line expanding to support further initiatives within CIO, CISO, privacy officers, legal and compliance teams as they come together to tackle the operations around privacy management. With these various teams, countless tools and technologies are being used already, and even more that need to be built to support the operational requirements and use cases within GDPR," concludes Barday.