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Privacy Risk Assessment
After an organization has gained a preliminary understanding of its data collection, usage, and sharing, the next critical step is to perform Privacy Risk Assessments. These assessments help the organization to identify and comprehend the potential privacy risks, both present and future, from their data practices to both the individual consumers and the organization as a whole.
What is a Privacy Risk Assessment?
The primary goal of a Privacy Risk Assessment is to act as an early warning system for the detection of privacy issues. By conducting these assessments, organizations can enhance the information available internally to facilitate informed decision-making, avoid potentially costly or embarrassing errors in privacy compliance, and provide evidence that they are proactively working to minimize their privacy risks and problems.
Our privacy risk assessments can be customized to meet the needs of different privacy regulations and frameworks, such as
- GDPR,
- CCPA,
- NIST Privacy Framework,
- HIPAA Privacy Rule,
- SOC Privacy Criteria.
Our assessment reports will highlight any control gaps and identify critical areas that require attention to comply with the relevant regulation or framework. We will provide comprehensive recommendations for remediation after the assessment to minimize the risk of a privacy incident or violation.
Why does your organization need Privacy Risk Assessment?
- 85% of organizations reported that conducting Privacy Risk Assessments resulted in improved privacy practices and better decision-making.
- Organizations that perform regular Privacy Risk Assessments experience 50% fewer data breaches
- 40% overall costs can be reduced in the event of a breach.
- 80% of privacy-related incidents will be caused by errors or omissions in the implementation of privacy controls, which can be mitigated by Privacy Risk Assessment
Tsaaro Consulting’s Approach
Conducting Privacy Risk Management brings several advantages to organizations:
Ensure a proper understanding of risks by top management, giving them the information, they need to get involved and make informed decisions, leading to a reduction in risks.
Being on top of security and privacy risks enables you to focus on the business, sparking the confidence to move full speed ahead.
Compliance with privacy regulations such as GDPR, CCPA, HIPAA, etc., can be achieved by conducting regular privacy risk assessments.
Conducting privacy risk assessments can enhance trust with stakeholders, such as customers, employees, and investors, by demonstrating that the organization takes privacy seriously.
Conducting regular privacy risk assessments ensures that an organization's privacy program is continually improving, and risks are mitigated as new technologies, regulations, and threats emerge.
Ensure a proper understanding of risks by top management, giving them the information, they need to get involved and make informed decisions, leading to a reduction in risks.
Being on top of security and privacy risks enables you to focus on the business, sparking the confidence to move full speed ahead.
Compliance with privacy regulations such as GDPR, CCPA, HIPAA, etc., can be achieved by conducting regular privacy risk assessments.
Conducting privacy risk assessments can enhance trust with stakeholders, such as customers, employees, and investors, by demonstrating that the organization takes privacy seriously.
Conducting regular privacy risk assessments ensures that an organization's privacy program is continually improving, and risks are mitigated as new technologies, regulations, and threats emerge.
Why Tsaaro Consulting?
Leading Industry Experts.
Diverse International Clientele.
Integrated Legal & Cybersecurity Expertise
Trusted by Large Corporation.
Leading-Edge Privacy Tools.
How Tsaaro Consulting Helps You
This service should be opted for whenever the company is required to appoint a DPO under any applicable regulation.
If the volume of activities required to ensure compliance with data protection and privacy regulations becomes excessive for internal teams to handle on their own, the company can opt for this service.
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