EU General Data Protection Regulation will have a significant impact on businesses in all industry sectors. Organizations are likely to welcome the harmonization of laws across the globe which will make the complex data protection landscape easier to navigate for multinational organizations.
EY’s risk-based, multi-disciplinary approach targets GDPR investment where it matters most for regulatory compliance and competitive advantage. Drawing on our extensive privacy knowledge and proven tools and methodologies, we help to identify clients’ highest risks, and design and execute a tailored road map for compliance and beyond.
Implementing the GDPR should be viewed as an integrated exercise set within each firm’s overall privacy risk management framework. GDPR touches on all aspects of an organization, reaching across people, processes and technology and, as such, establishes a cross-functional team that supports the transformation of the company, which is a critical step for a successful implementation.
EY’s Privacy risk management framework covers all the integral elements from governance to the operational stage and focuses on the three lines of defense. With a team of over 400 privacy professionals including 100+ CIPP certified professionals, EY is currently helping its customers across sectors such as Technology, Telecom, Pharma, Manufacturing and Hospitality; across various stages of GDPR journey through the following solutions:
1) GDPR Applicability and Gap Assessment: A targeted and quick assessment of your compliance with the GDPR, providing a dash board showing your readiness to comply with each of the key GDPR requirements.
2) Personal data inventorization: A personal data inventory, dash board and a datamap of the data analysed enabling you to have a clear picture of the personal data you use across your organisation.
3) Privacy Impact Assessments: A detailed assessment of your system s or projects identifying key privacy risks and remediation required to produce compliant methods for handling personal information.
4) Data protection improvement programme: Development and implementation of a robust data protection framework, remediating your GDPR compliance gaps.
5) Legal advice and support: Legal advice tailored to the needs of your organisation.