TrustArc, a data privacy management company, has added 20 privacy assessment solutions to further accelerate the process by which companies meet the impending May 25th GDPR deadline and maintain compliance afterward.
Powered by intelligent content, the GDPR Assessments incorporate automated compliance capabilities including risk calculations and regulatory logic to make the assessment and reporting processes faster and easier. Available as additions to the TrustArc Privacy Platform, the library of GDPR Assessments integrate with TrustArc Assessment Manager, Data Flow Manager and Individual Rights Manager to help automate workflow and generate compliance reports.
With more than 200 pages and close to 100 different articles and recitals, the EU GDPR introduces a broad range of privacy compliance requirements, with which any organization that handles personal data about individuals in the EU must comply. If they fail to comply by this date, they risk facing steep fines of 20 million euros or up to 4% of global annual revenue, whichever is higher.
According to a recent IAPP report, on GDPR readiness and risk, as many as one in four companies do not expect to achieve compliance before the deadline. To meet the demand from companies seeking support for GDPR compliance, TrustArc is expanding its library of privacy Assessments with the launch of twenty GDPR Assessment Solutions. Together, these new assessments provide an automated and structured approach and methodology to translate complex privacy regulations into a streamlined review process.
The TrustArc GDPR Assessment Library is part of the TrustArc Privacy Platform. To learn more, go to www.trustarc.com/products/privacy-platform.