Each year, we see a global increase in the number of cyberattacks and in the number of data loss incidents associated with data breaches. With your data residing in more locations than ever, managing confidential or sensitive information can be a challenge. Yet, it is crucial for your information governance, privacy and cybersecurity programs.
With more scrutiny being placed upon protecting sensitive data such as personally identifiable information (PII), you need to answer these key questions:
- What does your organization define as “sensitive” data?
- Do you know where all that data resides? Can you easily secure or delete it if needed?
- Can you proactively find and identify new data containing PII or other sensitive information?
- What reports or audit tools do you have in place to track processes related to the management of sensitive data?
eDiscovery & Compliance
Changing regulations are also impacting the way in which data is handled and the privacy of that data ensured. The task of maintaining compliance with these regulations and your own organisation’s policies can be challenging. Increasing demands for specific information related to subject data requests and legal situations means you need to quickly find the right data, fast.
With your data residing in more places than ever before, how do you answer these compliance questions:
- Can you quickly search for compliance data across all locations?
- Can you proactively preserve key data sets for review?
- What is your organization doing to respond to changing regulatory demands like GDPR and CCPA?
- How long would it take for you to respond to a legal or compliance-related data subject request?
Key strategies to navigate the Privacy Act changes
The recently released Privacy Act changes will have a remarkable impact on the current Australian business environment. Namely, the upcoming scenario is bound to present significant alterations concerning privacy breaches, the disclosure of sensitive information, and extraterritorial effect.
As a result, Antipodean organisations are investing in integrated solutions aimed at facilitating a smooth transition, while ensuring the necessary changes can add value in other ways. Luckily, the implementation of strategic tools can support businesses in their growth and ensure adherence to a complex Privacy Bill. By implementing a thorough data-driven approach, companies can now prompt a faster response to compliance requests.
- What are the fundamental changes to the 2020 Australian Privacy Act?
- How is the new bill affecting businesses? How can they navigate such changes?
- Can organisations use the upcoming shift to their advantage?