RiskWatch partners with third-party data companies to give accurate risk scoring per facility, based not only on your security assessment but also on crime data for the surrounding area as well. Data registers and third-party data providers can be used to populate new assessments with standard sets of data and determine the likelihood of an incident objectively.
GDPR Compliance Management Software
Streamline and Simplify GDPR Compliance, Meet Regulatory Requirements
Streamline GDPR Compliance with RiskWatch. Our Compliance assessment software offer a comprehensive approach to risk assessment and compliance management, helping organizations meet the stringent requirements of GDPR . From identifying and evaluating risks to implementing robust security controls, RiskWatch provides a seamless path to achieving and maintaining GDPR certification requirements.
Recognized For Top Rated GDPR Compliance Management Software ​
Everything you need to achieve and maintain GDPR Compliance
GDPR Compliance Automation
Streamline your GDPR journey with a tailored workflow, content, and reports designed specifically for the standard.
Centralized Repository
Captures responses, artifacts, and
evidence for GDPR controls.
Identify Security Gaps
Identifies gaps and supports the
remediation function to ensure nothing slips through the cracks.
Compliance Reporting
With RiskWatch, you’re not just compliant, you’re confidently compliant. Our automatic report generation educates your team and proves your compliance to stakeholders.
Assign And Track Tasks​
Work together with your team seamlessly, share insights, and make collective decisions to manage risks effectively
Trend Analysis
Trending analysis capabilities reuse data gathered over time and visualize your company’s GDPR compliance improvement each year.
Achieve your GDPR Goals with RiskWatch
Automated Assessments
Streamlined GDPR Risk Assessments
RiskWatch enables customers to complete GDPR assessments on the go using any browser-enabled device, even when you do not have a reliable internet connection. This ensures that data stays within a centralized location, eliminating the need to copy data manually and therefore reducing human error.
- Simplify the data entry with easy input assessment questions.
- Take any supplemental photos directly on your device and attach to your responses.
- Gathered information will be uploaded once a stable internet connection is detected.
Risk Scoring
Accurate Security Risk Scoring
- Partners include Cap Index, Security Gauge, and World Aware.
- Increase visibility and transparency with facilities, enabling more insightful decisions.
- Communicate the status of facility security to business stakeholders using a unique security risk rating for each facility.
Automated Analysis
Automated GDPR Analysis
RiskWatch software streamlines the GDPR assessment automation, using our intelligent analysis methodology to collect all relevant security data and highlighting any security gaps. Automated analysis aims to improve security positioning without the need to manually compare site data and risk scoring prioritizes projects, allowing you to manage security without getting stuck in the weeds.
- Automatically rank sites by risk to prioritize mitigation.
- Understand security at a glance with real-time dashboard analytics.
- 80% time savings when assessments were conducted using previous assessments performed in SecureWatch and compared to a manual assessment process.
Risk Remediation
Suggested Remediation
The RiskWatch platform offers suggested remediation to instances of non-compliance to our content libraries like GDPR . As assessment information is collected, the platform determines if action should be taken to meet compliance. These can be shown to administrators for review or directly to team members for action.
- Immediately gain a starting point for reaching compliance with your content library
- Reduce time needed to manage your teams remedial tasks.
- Automatically assign tasks within the platform, make adjustments, or leave additional instructions.
Advanced Reporting
Automated GDPR Reporting
RiskWatch enables customers to standardize and automate reporting functions directly within the platform for GDPR compliance. Several report templates are included by default, with the added option to create custom templates. Templates can be saved to meet data and visual preferences. With the correct templates saved, generate any report with a single click.
- Save an average of 16 hours per report
- View robust data from multiple sources within a single place.
- Increase transparency with any data available in any format, on demand.
Ready to get started and automate your GDPR compliance process?
RiskWatch platform is easy to use, free to try, and can be customized to fit your business needs.
Challenges of GDPR Compliance
Compliance officers and company executives face a multitude of challenges while managing GDPR compliance in what many regard as a complicated and demanding process. Organizations that store or exchange information of any person in the European Union (EU) are required to comply with The General Data Protection Regulation (GDPR) to ensure that the data is protected.
Challenges stem from the need to prove consent from customers and prospects, have an established process for their right to erasure, monitoring third parties that have access to data, and general data protection. Creating and enforcing policies that consider these areas can prove difficult for an organization that has low visibility between departments and differing methods for assessing compliance.
Rather than addressing one specific area, GDPR compliance requires organizational awareness and training. Protecting data from both internal and external threats are major challenges for organizations.
Impact of GDPR Non-Compliance
Meeting GDPR compliance can be challenging due to its strict requirements, but if it’s not done companies can face heavy penalties such as fines up to 4% of annual revenue or the equivalent of €20 million. An internal or external error can result in customer loss and damaged reputation as well.
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Without a reliable platform to streamline assessments and ensure compliance, companies waste precious resources in efforts that still result in fines. Data breaches by third parties are ultimately the responsibility of your organization, meaning failure to utilize a reliable platform to assess third parties can ultimately create fines for your company.
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Fines for noncompliance ultimately limit growth and limit resources for future risk management efforts, creating a negative snowball effect. Assessing all risks and compliance before a breach or incident occurs is crucial.
Can You Afford GDPR Non-compliance?
In May 2018, British Airways faced a significant GDPR penalty. A cyberattack exposed personal data of approximately 500,000 customers, including names, addresses, and payment card details. The Information Commissioner’s Office (ICO) fined British Airways £20 million (approximately €22 million) for inadequate security measures and failure to protect customer data.
Remember, GDPR compliance is not just about avoiding penalties; it’s about respecting individuals’ privacy rights and securing their data. Organizations must prioritize compliance to thrive in today’s data-driven landscape.
FAQs
Get answers to some of the most frequently asked questions on our GDPR Compliance Risk Assessment Platform.
Or head over to the Contact Us page to have a compliance expert reach out to you.
The General Data Protection Regulation (GDPR) is a comprehensive European Union law that regulates the processing of personal data. It gives individuals greater control over their personal information and imposes strict obligations on organizations that handle this data.
GDPR compliance is crucial for several reasons:
- Legal Obligations: Non-compliance can result in hefty fines, up to €20 million or 4% of global annual turnover, and damage to a company's reputation.
- Consumer Trust: Adhering to GDPR builds trust with consumers, fostering loyalty and positive brand perception.
- Risk Mitigation: GDPR compliance helps identify and address potential data breaches, reducing financial and reputational risks.
Any organization that processes the personal data of EU residents, regardless of its location, is subject to GDPR compliance.
- Improved Data Security: GDPR compliance often leads to enhanced data security practices, reducing the risk of breaches.
- Enhanced Reputation: Adhering to GDPR demonstrates a commitment to consumer privacy, improving a company's reputation.
- Operational Efficiency: Effective data management and governance practices can streamline operations.
- Competitive Advantage: GDPR compliance can differentiate a company from competitors, especially in industries where data privacy is a key concern.
RiskWatch, a comprehensive risk management platform, can significantly assist in achieving GDPR compliance by:
- Centralized Risk Management: Providing a single platform to identify, assess, and mitigate risks related to data privacy.
- Automated Assessments: Streamlining the assessment process through pre-built content and automated analysis.
- Risk Prioritization: Focusing on high-risk areas to ensure efficient resource allocation.
- Compliance Tracking: Monitoring progress against GDPR requirements and identifying gaps.
Automated analysis can:
- Accelerate Assessments: Quickly evaluate various aspects of data privacy compliance.
- Identify Vulnerabilities: Detect potential weaknesses in security measures.
- Reduce Human Error: Minimize the risk of errors in manual assessments.
RiskWatch prioritizes risks based on likelihood and impact, allowing you to focus on the most critical areas first. RiskWatch prioritizes GDPR risk management by providing a centralized platform that simplifies compliance tracking, reduces risk, and ensures your organization is always audit-ready.Â
RiskWatch provides a comprehensive view of your security posture, highlighting areas of strength and weakness. By providing real-time risk profiles and scores that update as changes occur.
RiskWatch can help in reducing unnecessary costs by streamlining the compliance process, reducing the time spent on assessments, and minimizing the risk of non-compliance penalties. By automating tasks and improving efficiency, RiskWatch can help reduce the overall cost of achieving and maintaining compliance.
Failure to comply with GDPR can result in:
- Fines: The European Data Protection Board can impose fines of up to €20 million or 4% of global annual turnover.
- Reputational Damage: Non-compliance can damage a company's reputation and erode consumer trust.
- Operational Disruption: GDPR violations can lead to operational disruptions and increased costs.
- Legal Actions: Individuals can bring legal actions against non-compliant organizations.
The main features of the RiskWatch platform for HIPAA Compliance include Compliance automation,
Pre-built content libraries,
Document storage, Automated risk assessments and gap analysis
Accuracy and scalability, Collaboration,
Report generation
RiskWatch streamlines GDPR Compliance assessments by automating workflows, streamlining compliance tasks, and assigning and tracking tasks.
Pre-built content libraries in RiskWatch are libraries that contain industry standards and regulations, lending subject matter expertise and guidance for organizations.
Additional content libraries can be added in RiskWatch by choosing from custom criteria using our Bulk upload option to perform custom assessments.Â
To generate detailed and customized GDPR Compliance Risk reports, providing a comprehensive view of your risk profile and compliance status.
RiskWatch compares to manual processes by offering a more efficient and accurate way to manage risk and compliance. It reduces the time spent on assessments and minimizes human errors.
Ready to get started and automate your GDPR compliance process?
RiskWatch platform is easy to use, free to try, and can be customized to fit your business needs.