Privacy Assessment & Attest Service

Accedere Inc

Privacy has grabbed the attention of boards of directors (BoDs) across regions as organizations look to comply with new privacy regulations and compliance standards similar to GDPR. Privacy is the new buzzword, and the potential impact is very real. Personal data were processed for political and economic reasons without users’ consent, as happened in the Cambridge Analytica event. In view of such recent incidents, the failure of the EU Safe Harbor and the Privacy Shield to provide real protection, privacy laws are now changing and have become more stringent. After GDPR, new privacy laws are enacted such as the US California Consumer Privacy Act (CCPA), and the Brazilian General Data Protection Law and many more are planned. It may be prudent for organizations to be more proactive and adopt measures for privacy governance to comply with such laws.

Some hefty privacy fines levied on some well-known names:

  • Facebook: $5 billion
  • Equifax: $ 700 million
  • British Airways: $230 million
  • Marriott: $126 million
  • Uber: $148 million
  • Google: $50 million
  • Yahoo: $117.5 million
  • Tesco Bank: $21 million
  • Anthem: $16 million
Ecom Infotech

Why Privacy Assessment?

Privacy Assessments are important in order to understand the organization’s privacy risks arising from exiting commitments, new projects, initiatives, systems, processes, strategies, policies, business relationships etc.

The main goal of a privacy assessment includes:

  • The information collected should comply with all privacy-related legal and regulatory compliance requirement.
  • Identifying the privacy risks, defining the same and monitoring controls and incidents.
  • Taking actions to have an effective mitigate of the risks.

Why Privacy Assessment?

Privacy Assessments are important in order to understand the organization’s privacy risks arising from exiting commitments, new projects, initiatives, systems, processes, strategies, policies, business relationships etc.

The main goal of a privacy assessment includes:

  • The information collected should comply with all privacy-related legal and regulatory compliance requirement.
  • Identifying the privacy risks, defining the same and monitoring controls and incidents.
  • Taking actions to have an effective mitigate of the risks.

A Privacy Impact Assessment is a type of impact assessment which is typically designed to accomplish three main goals:

  • Identify and evaluate the risks of data privacy and its impact on data breaches or other incidents and effects, should that happen.
  • Identify appropriate privacy controls to mitigate unacceptable risks.
  • To understand what aspects to monitor to ensure conformance with applicable legal, regulatory and policy requirements for privacy.

Privacy Compliance with SOC 2

The privacy laws encourage the adoption of certification schemes to demonstrate compliance. Compliance with the international information security standard SOC 2 for Privacy, can help organizations demonstrate the data security requirements of the various privacy laws. Reporting on Privacy Trust Services Criteria for privacy compliance involves building a holistic framework of processes, people and technologies to secure information.

Our Privacy Related Services

  • Privacy Impact Assessment
  • Privacy Consulting Services
  • Assurance and Audit Services
  • AICPA SOC 2 for Privacy Attestation.
Ecom Infotech