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March 14 2017

Proteus-Cyber Launches First Comprehensive Software Toolkit for GDPR

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Proteus-Cyber Ltd, specialists in Integrated Risk Management software, are excited to release ProteusGDPReady. They believe this to be the first GDPR software toolkit on the market that fully supports the GDPR process and helps DPOs to get and keep their organisations GDPR compliant.

The General Data Protection Regulation (GDPR) is a Regulation by which the European Parliament, the Council and the European Commission intend to strengthen and unify data protection for individuals within the European Union (EU). It also addresses export of personal data outside the EU. The Regulation will apply to most organisations, worldwide, that hold personal data on any EU citizen. GDPR comes into force on the 25‘th May 2018.

GDPR is possibly the biggest legislative change of our time and will have huge implications for businesses that deal with personal data. The consequences of non-compliance are massive. Not only will a business be dealing with the direct financial cost of a breach in itself, severe fines of up to €20m or 4% of turnover, will be imposed. Add to that the irreparable loss of reputation and undoubted loss of clients, and the commercial enormity of GDPR starts to emerge. Businesses need to act now to ensure they are GDPR ready before the deadline.

Risk management is at the heart of GDPR and therefore systems that can’t support GDPR will fast become obsolete or expose their users to the risk of substantial fines. Proteus-Cyber’s products are ideally placed to help get organisations ready for GDPR.

Proteus®GDPReady™ fully supports the GDPR process, providing the DPO with a ready-made suite of tools to model business processes, define what sensitive data exists and where it is, and perform multi-phase Data Privacy Impact Assessments.

For each site in your organisation our simple to use GDPR software toolkit allows you to:

• Perform audits:

o Built in Regulation (EU) 2016/679 controls

• Define what personal data the process uses

• Model your business processes

• Map where that personal data is held

• Perform Privacy Impact Assessments (PIAs)

• Project plans

  against business processes:

• Draw data flow diagrams

o Are they exempt from GDPR?

• Multilingual

o Are they processing data lawfully?

• Vendor risk management for GDPR audits

o Perform GDPR risk assessments

o Link to assets, processes & GDPR articles
Benefits:
• Comprehensive view of where Personal Identifiable Data resides in your organisation.
• Scored readiness evaluation and graphical illustration of compliance gaps.
• Roadmap for GDPR compliance with recommendations for immediate action.
• Insights to start building a robust data protection framework and inform your future technology choices.

• Helps meet GDPR requirements at a reduced cost, and potentially huge fines mitigated, not to mention reputational damage averted.
• Snapshot of GDPR landscape and your potential exposure.

For more detailed information on how ProteusGDPReady helps ensure your business is GDPR compliant please visit www.proteuscyber.com.

  1. EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’

    The Fintech Magazine

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  2. FreedomPay Drives Global Merchant Innovation

    Event Videos

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  3. FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences

    Fintech

     Read more
  4. Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure

    Funding

     Read more
  5. Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds

    News

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