Privacy and data protection impact assessments are widely leveraged for determining how an enterprise’s data is affected by all corresponding factors. Data breaches are increasing. Experts have vouched that data vulnerability will remain a persistent issue. Ensuring data security is fundamental to an enterprise’s success. Organizations must be able to show information and data security best practices and successful applications across all business elements. Companies who want to conquer the market or stay on top have recognized that a reactive approach and preparing for a conventional regulatory environment will not give them the competitive edge they want.
Forward-thinking enterprises have to adopt a privacy-oriented strategy. When such a strategy is employed, the privacy of customers will be emphasized over other strategies and preferences. According to Gartner, current privacy rules will encompass the personal information of 75% of the population by the end of 2023. Although this will not be a singular event in 2023, it will be a cumulative impact that is gradually but certainly reaching its pinnacle. As a result, businesses must take steps to secure data while also governing personal data collected ethically. The current edition of GRC Viewpoint includes a list of data privacy solution providers.
A Privacy Impact Assessment (PIA) Solution refers to a comprehensive tool or framework designed to assess the potential privacy risks and impacts of a project, system, or process involving personal data. It aids organizations in complying with data protection laws and regulations by identifying and mitigating privacy vulnerabilities.
The solution typically includes predefined templates, questionnaires, and risk assessment mechanisms to evaluate data handling practices. It streamlines the PIA process, enabling organizations to conduct thorough and systematic privacy assessments efficiently. By implementing a PIA Solution, businesses can enhance transparency, build customer trust, and demonstrate their commitment to safeguarding individuals’ privacy rights in an increasingly data-driven world. The list of top ten data privacy solutions here will help you choose the perfect data privacy solution provider for your specific requirements.