Mitigate privacy risks to your customers and organization!

Privacy risk can exist throughout the data life cycle, so it is important to manage and govern data properly. A number of privacy risk management activities can be undertaken during the data life cycle. Designing a privacy risk management framework is the first step to ensuring data validation and data protection, monitoring and controlling data, and complying with all applicable laws and regulations.

The Continuum GRC ITAM SaaS platform has privacy modules available, such as:

Data Privacy Management Solutions

These days, data privacy is one of the most important responsibilities any organization has. Whether it’s personal and sensitive data or financial and health records, keeping it secure is paramount. While it’s continually under attack by evolving cyber threats, the good news is that there are more data privacy management solutions available.

The tools and systems used include managing consumer consent, data mapping to locate information across different systems, and data governance that sets rules for collecting, storing, and sharing information. These elements of data privacy management are designed to comply with existing data privacy laws and build trust among customers and other stakeholders.

Benefits of Our Services

With so many forms of data privacy management, it can be a little confusing to know which ones are most effective for your organization and how to implement them. Continuum GRC is well-versed in these complex options. We’ll help you understand and select the one(s) that works most effectively.

Incorporating our robust data privacy measures pays off in maintaining compliance with various regulations. It builds trust among clients and goes a long way in mitigating the fallout from potential security breaches that can lead to legal and financial fallout and serious reputational damage.

FAQ

Why is data privacy important for businesses?

Data privacy is critical for businesses who must comply with many regulations. It’s essential for creating trust and loyalty among customers. Having a robust privacy program for data risk is key to preventing financial losses. Strong data privacy management practices also provide a competitive edge in this digital age.

Why are data privacy management solutions important?

In this digital age, information is under constant threat. Data privacy management solutions protect data from unauthorized access, helps prevent cybercrime, and build trust and loyalty among customers and stakeholders. These privacy solutions also keep companies in compliance with various regulations and help ensure business continuity in case of a data breach.

How do Continuum GRC’s data privacy solutions work?

We combine technologies with practices and policies that protect individuals from unauthorised access, use, or disclosure of their personal information. Continuum GRC helps your organization implement and monitor practices such as encryption, data governance and data subject access, which controls how the owner requests their own information.

What regulations do your data privacy solutions support?

There are a variety of privacy regulations across the nation, but our data privacy solutions align with standards established for HIPAA (health information), the Gramm-Leach-Billey Act (financial information), and most consumer privacy laws from state to state. We encourage the encryption technology, access controls, and regular audits that underpin most regulations around privacy.

What are the main data privacy laws to comply with?

Privacy laws may vary from state to state, but the main federal-level ones to comply with include:

HIPAA- for personal health information
COPPA-collecting and protecting personal information for kids under 13
Privacy Act of 1974 - regulates how federal agencies collect and use personal data
Gramm-Leach-Billey Act -protects financial, non-public information that’s collected by banks, etc.

How do data privacy management solutions help with GDPR compliance?

GDPR (General Data Protection Regulation) is a law that applies to residents of the EU in the handling and processing of personal data. The same privacy management solutions required in the U.S. typically apply to the standards of GDPR in collecting, managing, and storing of personal data.

What are you waiting for?

You are just a conversation away from putting the power of Continuum GRC to work for you.

About a Privacy Assessment

Regular privacy risk assessments offer several compliance benefits, particularly for organizations subject to data protection regulations like GDPR, CCPA, HIPAA, or other privacy laws. Here are the key benefits:

Regulatory Compliance: Assessments ensure alignment with legal requirements by identifying and addressing gaps in data protection practices, reducing the risk of non-compliance penalties.
Risk Identification and Mitigation: They systematically uncover vulnerabilities in data handling, storage, or processing, allowing organizations to implement controls to mitigate risks like data breaches or unauthorized access.
Policy and Procedure Validation: Regular assessments verify that privacy policies, procedures, and safeguards are up-to-date and effective, ensuring they meet evolving regulatory standards.
Audit Readiness: Conducting assessments prepares organizations for regulatory audits or investigations by maintaining documented evidence of due diligence and proactive risk management.
Data Minimization and Purpose Limitation: Assessments help ensure that only necessary data is collected and used for specified purposes, aligning with principles like those in GDPR (Articles 5 and 25).
Enhanced Accountability: They demonstrate a commitment to accountability, a core requirement in many regulations, by showing ongoing efforts to monitor and improve privacy practices.
Stakeholder Trust: Regular assessments signal to customers, partners, and regulators that the organization prioritizes data protection, reducing reputational risks and building trust.
Adaptation to Changes: They help organizations stay compliant amid changing laws, technologies, or business practices by identifying new risks introduced by system updates, third-party vendors, or emerging threats.
Incident Response Preparedness: Assessments often include evaluating incident response plans, ensuring organizations are ready to comply with breach notification requirements (e.g., GDPR’s 72-hour rule).
Cost Savings: By proactively addressing risks, organizations can avoid costly fines, litigation, or remediation efforts resulting from non-compliance or data breaches.

For example, under GDPR, conducting regular Data Protection Impact Assessments (DPIAs) for high-risk processing activities is a legal requirement (Article 35). Similarly, CCPA encourages businesses to assess risks to avoid violations that could lead to fines of up to $7,500 per intentional violation. Regular assessments ensure ongoing compliance, reduce legal exposure, and foster a culture of privacy awareness.