Identity Governance supports GDPR Compliance by Addressing regulatory compliance from a bottom-up approach.
Gone are the days where a checkbox on compliance equated to users having the right access to the right data at the right time. Today, organizations need more granularity and stricter risk-based control of their critical assets to meet compliance needs. “Who has access to what” now has more scrutiny under GDPR, due to the sensitive nature of the data. Simply put, let’s not worry about the gatekeeper for your enterprise security, but instead focus on protecting PII and access to your sensitive data in all downstream applications.
Since the GDPR covers any organization that collects EU citizen data, its impact extends far beyond the region itself. And the GDPR carries significant fines and penalties for non-compliance of up to 4% of annual global revenue, or approximately $22 million (whichever is higher). GDPR also requires that companies report the existence of a data breach within 72-hours of its occurrence.
Yet despite the extensive publicity surrounding the seismic changes to European data privacy environment, Gartner, a US-based research and advisory firm estimates that by the end of 2018, 50% of the companies covered under the GDPR will not possess the ability to comply with the regulation. While the degree of compliance readiness varies, companies in both Europe and the United States, in particular, appear unprepared to comply with GDPR.
GDPR is affecting private companies worldwide that conduct business with European organizations. Securing, anonymizing, and forgetting your customer’s identity isn’t a choice, it’s required and it’s time to prioritize your identity governance. Saviynt can help you prioritize the capabilities that provide the most value, with less deployment risk.
- Do you know who has access to your critical files?
- What is your cloud data migration strategy?
- Are you classifying your risky data and implementing controls to prevent unauthorized access?
- Do you have cross-platform visibility into the various systems and files that use personal information? This means having the right access controls for MORE than just your HR system. This can also mean marketing systems and more.
So, if you’re among the 50% of organizations that are still not ready, we got you. It’s time to save you.
Download this whitepaper to learn how to prioritize the systems, data and files that need to go into your GDPR readiness. Then visit us at one of our upcoming events to talk to the Saviynt team about how we’ve done the time and the work to tackle GDPR for our customers.