The General Data Protection Regulation (GDPR) recently went into effect, yet many multinational companies are still behind the compliance curve.
This sweeping regulation requires organizations to meet stringent data protection requirements affecting the personal data of EU citizens and for the first time, also impacts companies that are based outside of Europe. With severe penalties in play - fines of up to €20m or 4% of global annual revenues - corporations must implement actionable and efficient strategies to achieve compliance.
FTI GDPR Compliance Services
When designing compliance policies and workflows for the GDPR, there is a broad range of expertise that is required, from having experience with the practical implications of applying data protection and information security, to managing an operational environment, to implementing information governance practices, to applying change management in complex regulatory circumstances. The FTI team has a strong track record of collaborating across legal, IT, compliance and lines of business to ensure input from and transparency with key stakeholders on policy development and implementation – as well as several GDPR preparedness engagements completed.
Our global GDPR services
GDPR Assessment
Review requirements, applicability, identify gaps and areas of risk across people, process and technology, and develop a pragmatic roadmap and action plan.
Data Subject Rights
Define a standardized process to review and efficiently handle Data Subject requests, including defining roles and responsibilities for internal and external stakeholders. Enable efficient data mapping, identification and searching across diverse data sources.
Employee Training and Change Management
Develop GDPR awareness campaign and develop multi-channel stakeholder specific training materials for employees, HR, IT, Customer Support, Marketing, and other key stakeholder areas. Ensure client specific drivers are fully reflected in messaging and tonality of communications and training.
GDPR Technology & Program Implementation
Provide privacy subject matter expertise and assist with the implementation of GDPR enabling technology. Our team has experience with GDPR relevant technologies (e.g. Data Mapping, Data Remediation, Incident Response, Subject Access Request Workflow, Records Management, Archival tools and more). Define requirements, perform vendor selection and implement compliant processes and procedures.
Privacy Impact Assessment & Privacy by Design
Assess risks for specific areas, systems or projects, update system provisioning processes, policies, procedures, roles, and technical standards, and review and align with an Enterprise Risk Framework.
Contract Intelligence
Identify potentially relevant contracts that may need to be reviewed and updated with new GDPR compliant data protection clauses utilizing FTI or partner related technologies.
Data Map Development
Develop a GDPR specific personal data map and inventory personal data across the enterprise, where it flows internally and externally in the organisation.
Cybersecurity Assessment and Program Implementation
Assess cybersecurity posture and provide recommendations for implementing policies, processes and technologies that establish the appropriate level of security to mitigate risks.
GDPR Program Auditing
Conduct an independent review and audit of your existing GDPR program and related practices to identify potential areas of improvement and ongoing compliance.
Sensitive Data Remediation
Define and classify data to identify redundant, obsolete or trivial (ROT) data appropriate for remediation, and decommission applications.
Data Breach Preparedness and Response
Develop and implement incident response preparedness, response and notification plans to help companies meet the 72 hour breach notification requirements.
When Europe’s General Data Protection Regulation (GDPR) was enacted, many U.S. corporations were suddenly facing data protection requirements far more stringent than any preceding privacy rules. This was the case for a Houston-based drilling company, which had a significant international footprint, including in Europe, but limited visibility into how its practices were impacted by the new regulation. With an active GDPR compliance program in development, the company engaged FTI Consulting’s Information Governance, Privacy & Security (IGP&S) practice to conduct a readiness assessment and provide a roadmap of additional steps needed to bring the company into full compliance.
To date, GDPR compliance at most organizations has been approached from the top down. Policies and procedures are essential. However, now that most organizations have those in place, it is time to begin revisiting GDPR programs from the bottom up — starting with the systems where data lives, to ensure cohesive alignment between the existing privacy policies, business requirements, and the IT systems and infrastructure.
Data is a strategic asset and GDPR has raised the profile of data management from the basements to the boardroom and assigned a strategic value to understanding our data, how we use it, where we store it, how it flows between systems and processes and ultimately how long it should be retained and protected. In this short video, information governance expert Nina Bryant talks about how GDPR has been driver for organisations to assess both the risk and the value of the data they hold.
The GDPR compliance deadline might have passed but over two-thirds of UK firms acknowledge they are at risk of a GDPR breach crisis. While data mapping and updating privacy policies are an important aspect of GDPR preparedness, many companies will struggle to respond to GDPR breaches and incidents.
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