Optimising Data- Privacy, Protection, and IT security Mandates
The competitive advantages in implementing and streamlining GDPR and related global Data- Protection and Privacy mandates, can improve and create value from IT and data compliance across the organisation.
The year 2021 will be dominated by discussions and execution the embedding and integrating of 5G, artificial intelligence, data governance, blockchain technologies, illegal tracking, profiling of data subjects, data minimisation, responsible data processing and the future of E-Privacy mandates, the Digital Services Regulation (Digital Services Act (DSA) and the Digital Markets Act (DMA). Despite the continued crisis, all companies must develop and find answers to the old and new challenges.
A solution to be more efficient and cost-effective. When the answers to the above mentioned nine focus areas are taken then focus on the corporate digital sovereignty, digital values, and the digital-driven choices, to inspire and promote the same values across and throughout the organisation to defend the digital rights and freedoms of individuals, in a spirit of thoughtfulness and renewed determination.
Structured data and not the most data. Based on the above two strategic enforcement the board and senior management together with the DPO/CISO and CTO can jointly engage in fully coordinated, joint enforcement actions for the series of legislations including the e-Privacy Directive (cookie directive) and the NIS Directive to take the competitive advantages of the complete set of data privacy, data protection, IT and cybersecurity mandates to;
- tackle the increasing risks for fundamental rights
- address the common problems in the corporate digital sphere
- avoid duplication of efforts in implementing and monitoring the five legislations
- reducing frustration and get the most out of the compliance efforts.
With the above approach companies can avoid fragmented efforts, manual processes, mountains of data and achieve the value in implementing sustainable compliance by eliminating inefficient activities like duplication of efforts and saving on compliance costs.
Resource-intensive compliance is not sustainable. The cost of GDPR and related regulatory compliance in all organisations has increased over the past decade. In particular, the massive resources used in the first and second lines of defence have expanded dramatically. As a result, the Data Privacy and Protection and IT security compliance must be more flexible. The quality of risk management must be improved to optimise meaningful progress toward a sustainable compliance function over time.
At the Data Privacy and Protection day on the 28th of January 2021, https://www.copenhagencompliance.com/2021/dpoday/, we will implement effective data privacy remediation and data governance:
- Unambiguous responsibilities and effective implementation methodology to monitoring and reduce Data Privacy and Protection and IT security complexity and lower costs.
- Clearly defined responsibilities for all remediation activities among the compliance function, business lines, and other control functions.