With the looming General Data Protection Regulation (GDPR) deadline fast approaching, many organizations, even those outside of the European Union, are struggling to figure out exactly what the regulation requires and where to begin. With the new rules leaving many details up for interpretation, including the way each organization contextualizes the implementation, monitoring, and measurement of controls for their environment, mistakes will inevitably be made.
The key to overcoming the initial hurdles of GDPR is for forward-thinking companies to build a defensible position — one that will allow the organization to quickly, easily, and definitively prove to regulators that risk mitigation actions have been taken to comply. While this strategy may not completely remove the risk of all fines and have every aspect of the regulation covered, it will help organizations build credibility with regulators, and establish a solid foundation to build upon as more consensus develops in the subsequent years.
Learn how to create a defensible position by:
- Leveraging technology solutions that will allow you to automate herculean tasks
- Establishing a solid strategy, strong controls, and effective procedures
- Creating continuous-improvement loops to regularly update the organization’s compliance efforts and help develop industry gold standards
- Securing executive endorsements and engaging cross-functional teams, including IT, legal, operations, and business lines
- Phil Shomura, Senior Product Manager, ACL
- Mike Watt, Solutions Consultant, ACL
Phil Shomura is a Senior Product Manager at ACL. He is a seasoned product expert with a passion for bridging customers’ needs with technology solutions. At ACL, Phil leads the execution of go-to-market strategies for ACL’s cloud-based Data-Driven Governance platform. His responsibilities include performing market analysis on how ACL addresses the evolving needs of Governance, Risk & Compliance Professionals.
Mike Watt is a Solutions Consultant in ACL's London office. Working closely with a diverse client base, both in industries and size; Mike is committed to helping companies identify and capitalize on opportunities through a better understanding of their regulatory and risk landscape. He has managed the scoping and design for numerous ACL delivered solutions in EMEA, helping to drive platform growth by marshaling the appropriate capabilities and functionality to deliver on the vision of forward-thinking assurance leaders.
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