Integrated Legal Data PrivacySucess Story

Business Challenges: One of the most prominent Financial company in the world
- Company struggling to assess its state of compliance to recently introduced privacy law
- Similar organization in the region has been awarded multi million-dollar penalty and organization was seeing this comping to it as well
- Complex supplier eco system processing customer data
- Privacy driven by Information Security Office and other stakeholders missing in the process
Solution Proposed and Implemented
- Formation of concerted common Team with CXO’s directly engaged with the Governance process of enablement
- Identification of business processes touching customer data
- Privacy Impact assessment to help priortize
- Embedding elements of privacy requirements into processes rather than having siloed processes for Privacy
- Enablement of Privacy Management platform with tracking and reporting capabilities around entire privacy life cycle
Outcome:
- 56 Policy and standard document reduced to 16 with revised write-ups and CEO endorsement
- 68 Security Platform reduced to 23 Platforms in 2 years span of time
- Security Roadmap co-owned by stakeholders from different departments
- Integrated Risk Management approach and practice in place