How to Conduct a Compliance Risk Assessment

By |2021-06-07T05:46:21-04:00May 18th, 2021|Data Compliance, Information Governance and Management|

The privacy landscape has changed significantly since GDPR went into effect in 2018. In fact, Gartner predicts that by 2023, privacy regulations will cover personal data of 65 percent of the global population. These regulations place a heavy responsibility on the organizations that hold the data. Conducting a regular compliance risk assessment, therefore, proves essential. The National Institute of Standards and Technology (NIST) defines privacy risk assessment as “a process that helps organizations to analyze and assess privacy risks for individuals arising from the processing of their data.” From a data perspective, this means that organizations must first determine what