Data protection is a serious subject these days, especially in light of some recent major breaches; but there are some steps you can take to ensure protection.
Fast-evolving artificial intelligence can search, monitor, generate, share and retain information at speeds never before seen. This means that smidgeons of personal and organizational information can be mined, collected and used for criminal purposes. Data breaches can have serious impact on organizations – in terms of loss of records, operational failures, dwindling customer trust, cost of phishing, and intellectual property loss.
On top of this, regulators now have significant scope to levy fines on companies which do not possess appropriate data protection measures. Due to come into effect on May 25th, 2018 is the new EU GDPR (General Data Protection Regulation), which has significant implications for all organizations processing EU citizen data. Regulators can impose fines of up to 4% of a company’s global turnover. Plus, litigators are already taking legal action against organizations that suffer any data breach.
In light of new regulations and penalties, Software AG has broadened its Digital Business Platform to include data protection management. This significant capability is made possible by a new partnership with DP Governance Limited, a London-based company with unparalleled expertise in the field of data protection.
DPG has developed the only single-point analysis of vulnerability in technologies, business process weaknesses and legal non-compliance issues – the three key drivers for total data security. This unique methodology provides the organization with a comprehensive view of its risk profile, rather than the narrow scope of ‘’cyber’’ and ‘’technology.’’
The combined Software AG and DPG data protection solution comprises three steps:
Step One – Analysis
Deployed via simple-to-use software, the DPG Pathfinder® interrogates six key business areas across 85 business processes and includes 3,500 questions. This extensive and valuable analysis captures how data, infrastructure, and relationships are managed to ensure they meet data protection requirements and to help decrease the likelihood of a data breach. Most importantly, through the use of unique algorithms and DPG’s knowledge of business process weakness, this step enables those responsible for data protection to identify gaps and possible liabilities including, for example, coverage against GDPR’s introduction in Europe next year.
Step Two – Transformation
The results of the DPG analysis map seamlessly into Software AG’s BITT (Business and IT Transformation) platform – a core component of the Digital Business Platform. This unique combination of Business Process Analysis, Governance Risk & Compliance, Enterprise Architecture Management and IT Portfolio Management capabilities enables organizations to transform both business processes and application systems, and gain insights in to any potential risks or data breaches, and most importantly to provide evidence of regulatory compliance.
Step Three – Sustainability
An important component of data protection management is that it is not an end in itself, but rather the beginning of an ongoing and continuously improved process. The Software AG Digital Business Platform capability for Data Protection in areas such as GDPR enables an organization to continue to maintain its understanding around movement, use and guardianship of its data as well as keep abreast of the latest regulatory changes and updates.
Combining our Digital Business Platform and DPG means that organizations can take these three steps and not only head off current regulatory issues, but also can proactively manage any new ones.