One of the most important commodities that modern day businesses need to operate and grow is customer data.. As the requirement for data continues to grow, data privacy is a major concern, and governments and individuals alike are pushing for stringent data privacy rules. 

As regulations like the GDPR, CCPA, and more are coming into effect, it’s  bthat much more important for businesses to adopt a comprehensive data privacy suite that would help them comply with the regulations without having to invest a large number of resources, while defending the company from hefty fines as well. 

There is something that businesses must undertake before they opt for a data privacy suite, and that is a PIA. A Privacy Impact Assessment can help determine the risks that a potential data breach may cause for the business, and the costs that would be involved if such a situation ever arose. Such a survey would not just highlight the vulnerabilities of the system, but also help draw up suitable data privacy for businesses. 

Now, let us take a look at the tools that are available to businesses to create a data protection framework.

Data loss prevention.

Data vulnerability is a major concern for businesses, and a DLP helps prevent just that. By getting such software, a business can identify and prevent such breaches to a very large extent. There are several factors that one must look for while picking up DLP software like endpoints, data at rest, data in use, etc.

Endpoint protection. 

Gateway access is critical to upholding the security of the entire system, and if a business wants to construct a secure privacy policy and data protection framework, TCP/IP monitoring by an endpoint protection system is necessary. 

Mobile Device Management (MDM).

Managing the different mobile devices that are connected to a single network, or otherwise, is important for a business, as they can be a potential point of a data breach, something that can greatly hamper the corporate privacy policy for the business. An MDM system can integrate a device-specific management program that would help every device comply with the said requirements effectively and efficiently. 

An encryption software. 

In this day and age, the risk posed due to data privacy loopholes and the risk of data breaches is on the rise, and that makes the essentiality of encryption software that much greater. A specific format of cipher is used to protect the data set that is being transmitted or shared, and this ultimately helps the business comply with the data protection and privacy laws that are in place. 

Identity and access management (IAM).

Protecting user data from unauthorized usage is easy! Just use IAM software. It contains features like password and access managers, provisioning, security analysis, authentications and more. A privacy policy is fool-proof, and the business can care for the client’s data if they take these features and software into action. 

Consent management application. 

According to the latest legislation that is being passed daily, a consent management platform is extremely important. The GDPR requires companies to apply for consent from the users, and comply with DSAR requirements as well. A consent management system forms a critical part of the data privacy suite and helps the business comply with the data protection regulations, conduct privacy audits, integrate privacy with existing systems, and make the entire organizational setup adhere to a specific corporate privacy policy. 

Several individual systems make this happen, like consent management platforms, DSAR tools, cookie management tools, etc. 

A compliance software. 

For a business that has undertaken the correct PIA procedures, having compliance software would certainly be a welcome addition. This software would help conduct a constant risk evaluation procedure, deliver breach notifications, and help comply with the different privacy regulations that are in operation based on geography. 

A customer data management platform. 

When it comes to crafting the perfect data protection framework, a CDM is important. As part of the comprehensive data privacy suite, they can help offer opt-in and opt-out choices for the visitors of the website. They help comply with regional regulations and help conduct domain-based privacy audits.

These are some of the components that a business can use to craft a comprehensive data privacy suite that would ensure data privacy for businesses. The exact requirements can vary immensely from business to business, and that would depend solely on the PIA that the business decides to conduct.

Final take:

A privacy framework for businesses, and a concrete privacy policy are crucial for complying with the data protection and privacy regulations that are being imposed by governments all over the world and build an element of trust among the target customer base as well. If you want to build an end-to-end privacy framework for your business, you should get a Privacy Impact Assessment done, and proceed accordingly.