Security and compliance with privacy laws depend on data privacy solutions.
The General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) are examples of modern rules that call for businesses to take appropriate data protection measures to safeguard the privacy of their customers.
To collect, manage, and store personal data that comply with these privacy protection requirements and mitigate the risks associated with noncompliance, businesses will need to hone their existing information systems, databases, data warehouses, and data processing platforms and completely redesign them.
To accomplish this goal, new technologies must be implemented to manage private information throughout its entire lifecycle, from creation to deletion. However, there is difficulty in obtaining compliance due to the variances between the various privacy regulations.
1. Is there a technological solution to your major privacy concerns?
If you’re here looking for a privacy solution, you probably have some issues in mind.
If you want to accomplish privacy by design, the privacy software you choose should be a comprehensive solution that lets you manage consent and data subject requests, handle third parties, and improve collaboration with other departments.
Even though point solutions can help with things like consent management, they can severely restrict the growth of your privacy program and make things more complicated in the long run.
A comprehensive privacy solution will assist you at every stage of the data subject’s life, from collection and processing to retention and deletion.
2. Can a modular approach meet your needs?
In the case of privacy software, a modular solution means that individual components can be provisioned or purchased independently.
You may thus concentrate on resolving the most urgent issue and then build upon that framework once you and your team are prepared to take the next step toward compliance.
If your privacy team is tiny and you need to prioritize, this is especially important. It’s less expensive initially, and you just have to pay for the data you use.
3. Should it be hosted locally or in the cloud?
Which is better for your business, software hosted on the cloud or installed on your servers? Some highly regulated industries want to keep their data under wraps for security concerns.
For this reason, certain businesses, like banks and financial services providers, choose not to store data on the cloud if doing so could not be acceptable to their authorities.
Additionally, they have the essential security personnel and resources to implement all necessary organizational and technical safeguards to protect your data.
You can also debate the relative security of cloud storage and on-premises data storage in various contexts. Since cloud providers’ income is directly tied to the safety of their customers’ data, they are investing heavily in security measures.
4. Can you be honest when talking to people?
To adhere to the transparency principle, you must be forthright with people about the information you collect.
To comply with GDPR, you must give people access to the information you collect and use about them and let them know if you got that information from them or somewhere else. Determine if there is a way a privacy solution can aid in this effort.
One way to do this is to offer a self-service portal through which your contacts can quickly and safely access their information.
5. Is it possible to expand the privacy solution?
Choose a privacy option that can scale as your needs change and evolve. When this is considered, maintenance costs decrease, flexibility, and the user experience improves.
As the demand grows, a scalable system can handle it without requiring change. It’s not fair to call scalability a “nice to have.” Building with scalability saves both time and money in the long run, and the quality of the software ultimately decides its lifetime worth.
Can more people take advantage of your privacy service? What would happen if the current number of consents and recordings quadrupled? The question is what will occur as the volume of data increases.
A scalable solution should be able to eliminate those problems without compromising the system’s current performance.
6. Does this method of protecting your privacy help you get more done in less time?
Adding new features and platforms to an existing system can be considered extra effort.
However, it becomes tedious to manually manage GDPR operations after some time, which is a significant reason why businesses seek out privacy solutions. It’s also not foolproof; mistakes and omissions are possible.
Automation may save a lot of time and work. Long-term returns on your original time and effort spent putting up automation should be expected.
7. Is there room for this privacy solution to develop?
Therefore, there is no way to know, but you can investigate and inquire about the product roadmap.
The concept of privacy has evolved dramatically over the past several years. Finding out where a product is headed can tell you a lot about whether or not its future iterations will meet your needs and level of personal satisfaction.