Preparation and compliance for GDPR
In April 2016, the European Parliament adopted a new standard to improve data protection for individuals within the European Union (EU). The GDPR does not simply apply to EU domestic business, but to companies worldwide that target their goods and services to European citizens. The deadline for compliance is 25-May-2018, and fines for non-conformance will be as high as 4% of global turnover for the business.
In preparation we have put together a GDPR App Suite to provide a comprehensive solution for assessing compliance and managing actions to address areas of risk or non-compliance.
Conduct an organisation level assessment to confirm the current level of GDPR maturity and readiness to meet standards – including identification of areas of risk. Once completed you are then able to see an overall compliance rating chart to see what areas in your business need attention.
Complete individual audit questions to asses your current compliance. Data entry is easy as easy-to-use buttons appear throughout.
Calculate risk using a full Monte Carlo scenario analysis to assess the level of financial risk associated with areas of non-compliance based on best | expected | worst case outcomes