Marc French

by Marc French

Senior Vice President & Chief Trust Officer

Posted Mar 19, 2018

May 25th, 2018: Your relationship with data security & privacy could change forever.

This is the day when the European Union General Data Protection Regulation (GDPR) requirements take effect. While your journey to the GDPR deadline – and beyond – may seem daunting, it doesn’t have to be impossible. But you do have to plan and plan wisely. This means knowing where to start.

A good first step is to devise a “Trust Strategy,” which should be focused on three core elements of GDPR preparedness: security, privacy, and transparency. A Trust Strategy will help you get a firm grasp on the data you collect, store and use. And it will help instill confidence in the products and services your organization provides.

Three steps to building an effective Trust Strategy:

  1. Create a data governance program. This should include a data classification scheme that identifies the data your organization collects and processes, and ranks these categories based on risk to your organization. Create a repeatable process that identifies what data you collect, from whom, where it flows, and its final disposition – whether it’s stored, deleted or transferred to a third-party.
  2. Audit your security program. It’s important to assess your security program and ensure it’s protecting the most important data assets you have identified in your data governance program.  Test your incident response process! With GDPR requiring as little as 72-hours to notify your local regulators and partners, testing in the middle of an incident will not be ideal.
  3. Be transparent when you collect an individual’s data. Update your internal and external privacy policies to ensure they accurately reflect how you protect data. And, have a process in place to help guide customers and employees when they have questions or concerns, or want to update their data. This could be as easy as setting up a monitored email inbox and a manual workflow to ensures requirements are met.

If you’re ready to learn more about how to build your Trust Strategy, and other helpful guidance on GDPR preparedness, download the latest e-book from the Cyber Resilience Think Tank.

Marc French

by Marc French

Senior Vice President & Chief Trust Officer

Posted Mar 19, 2018

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