GDPR Compliance Software
GDPR is the toughest privacy and security law in the world today. Failure to meet its standards can put your business at risk of facing millions of dollars in penalties. Avoid significant fines while maintaining the trust of your customers with our GDPR Compliance Management Software.
Why a Risk-Based Approach to GDPR Compliance is important:
How LogicManager’s GDPR Compliance Solution Helps
- Our Readiness Assessment breaks down the GDPR articles into individual responsibilities, distributes tasks to activity owners and links them to your existing controls to be documented as evidence along the way.
- Deploy automated testing that measures your data privacy activities and controls against the full set of GDPR requirements to ensure you’re staying aligned over time.
- Through our Event Management functionality, tie any privacy incident directly to the risks, vendors, policies or controls that it’s associated with to uncover the root cause and prevent recurrence.
- LogicManager’s One-Click Compliance AI searches through your existing library of data privacy controls, policies and procedures and suggests which ones to leverage for demonstrating alignment with the GDPR, reducing duplicative efforts while simultaneously avoiding penalties related to noncompliance.
- Personalize LogicManager home screens to help simplify the complex process of GDPR compliance by bringing your team directly to the information they need, such as a list of their control testing tasks or a GDPR readiness dashboard.
- Use our Reporting & Dashboards system to visualize where data is housed, how it flows through the organization and who has access to what, as well as historical results of GDPR alignment to continually improve your program.
- LogicManager’s Integration Hub allows you to connect with platforms like Jira to create requests to delete data from your database, ServiceNow to further unify your compliance process and Office365 to integrate robust sampling spreadsheets during your control testing process.
What else do you get with the LogicManager GDPR compliance solution package?
Plan with a Readiness Assessment – Meet requirements with evidence of your process and procedures. Identify gaps in your current program.
Full Text of GDPR Requirements – Educate yourself on and stay on top of requirements.
GDPR Audit Readiness Checklist – See the scope of applicability to your company and identify any gaps in compliance.
Inventory and mapping of which company systems contain privacy data through our Taxonomy technology with automated change management updating (to meet Article 30 obligations).
Subject Access Review Request – Automatically create a privacy incident from an email submission with a customizable response workflow that includes tasks to key stakeholders who “own” European citizen data to provide support transparency to work-in-process and completion.
GDPR Data Breach Notification Form – Collect information like opt-outs, or notify affected parties of a breach within 72 hours.
Data Privacy Impact Assessment (DPIAs) – DPIAs required by the GDPR can be completed and documented directly within LogicManager.
VENDOR DUE DILIGENCE
GDPR Vendor Checklist – Determine if third parties require GDPR compliance. For those vendors, you may issue vendor privacy and security assessment questionnaires and tools for due diligence to create a central record of all vendors, contracts, data transfers and more to enable the legal basis for any cross-border transfers and the proper security obligations.
Plus: Access to Robust Libraries
A comprehensive Data Library – Identify where data is housed, how data flows through the company and who has access to what.
A Policies Library – Keep track of your company’s GDPR-specific policies and house Binding Corporate Rules in one central repository.
Using these tools, you’ll be empowered to operationalize your privacy program by:
- Working seamlessly and effectively AND provide support transparency WIP and completion
- Conducting gap assessments to identify areas for improvement
- Creating a comprehensive data repository
- Applying the work you’ve completed for GDPR compliance to any overlapping privacy requirements (like CCPA and many others on the horizon), eliminating duplicative work
Achieve GDPR Compliance & Data Protection with LogicManager
There are a variety of risks associated with not being GDPR compliant. Among the most notable are the hefty fines your organization will face – which are hefty not only if you are based in the EU or EEA, but also if you serve any customers that reside there. Another significant risk is the potential to lose customer trust. In today’s world, customers are more concerned than ever that their data is being used unlawfully. If your organization fails to disclose which data you’re tracking and how it’s being used, or you do not offer a mechanism for customers to request their data, you’ll likely lose their trust and ultimately their business. The same applies for your prospects: in today’s See-Through Economy, if someone reads in the news that your company was found guilty of noncompliance, they’ll be hesitant to sign on as a client.
LogicManager is a SaaS solution, which enables us to deploy customer environments virtually and efficiently. This way, customers are up and running in the system within 5 business days.
Business Case Justification
Investing in robust software to support your IT Governance/Security Incident area of business pays off in the form of both hard and soft dollar savings. Let’s first consider negligence: once you are found guilty of it, the fees associated with hiring lawyers, consultants and internal specialists can skyrocket quickly. Luckily, negligence is 100% preventable – but without the proper software, it’s 100% inevitable. In addition to the incident and negligent legal liabilities you will face after a failure in IT risk management, you will undoubtedly suffer losses as a result of customer non-renewals and/or cancellations. It’s critical to consider today’s consumer expectations; when people find out their data is being taken advantage of without their agreement, they lose confidence in your ability to protect them. When customers are a key differentiator for your business, damage to your reputation = damage to your revenue.
GDPR compliance is a partial yet integral part of IT risk management, and the implications of failing to comply are enormous. The GDPR sets forth fines of up to 10 million euros, or in the case of an undertaking, up to 2% of its entire global revenue of the preceding fiscal year (whichever is higher).
What is GDPR (and why should you worry about it)?
The General Data Protection Regulation (GDPR) is a law on data protection and privacy that is most directly applicable to those in the European Union (EU) and European Economic Area (EEA). However, GDPR is one of the first of what will likely be many privacy regulations with a global reach; the GDPR also imposes obligations onto any organization that is targeting or collecting data related to any person or organization based in the EU.
The regulation was put into effect in 2018, and it is the toughest privacy and security law in the world today. That’s why it’s considered best practice to review your IT policies to ensure alignment with the GDPR at least annually. Those who violate its standards are at risk of facing penalties reaching into the tens of millions of dollars.
If your organization builds a strong GDPR compliance program now, you will be positioned as a data transparency pioneer. You will not only be able to easily adapt your program over time as new regulations come out, but you’ll also build a proven track record to help maintain and gain customer trust.
>> Click Here to Read our Complete Guide on How to Stay GDPR Compliant
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