A Data Protection Impact Assessment (DPIA) must be carried out whenever you start a new project, and it contains “a high risk” to people’s personal information.
The General Data Protection Regulation carries a plethora of rules that businesses must follow for the protection of personal data they collect on their clients.
Compliance with GDPR is important; otherwise, there are penalties for failure to comply. Penalties can approximately go up to $20 million or 4 percent of annual revenue. There are countless companies that have received these severe fines.
But, here is the key. To demonstrate compliance with GDPR and its requirements, an organisation must prepare a DPIA for every high-risk data processing activities.
In a nutshell, in a business setting, privacy considerations are overlooked because of greater attention towards profit centres of the business rather than its legal, social and ethical obligations. However, When we take into account the loss, fines and the public relations debacle a business can face when privacy is not handled well, then it all becomes a quantifiable mess.
Data Protection seems expensive. But there is a way to change your data privacy stance and status without heavy costs. In order to deal with the quantifiable mess, Seers has developed its DPIA.
This Data Protection Impact Assessment allows a business to assess and monitor any potential threat areas and vulnerabilities. This can be done either before a new business is being developed, or when some strategy, technology or realities of an existing business are changing.
Any business undergoing ownership, product, or an industrial change requires a DPIA. Conducting one can help it reduce its loss stemming from data privacy and protection issues. Businesses in the past have repetitively been reprimanded for their lack of data protection safeguards. Hence, this tool can take care of those threats to the security and profits of your business.
The DPIA works by investigating potential vulnerabilities. It can help with devising the way forward to improve the data privacy and compliance status. That in return can cutback losses, fines and negative publicity of a business. It works on several levels of compliance before a business begins its data processing activities. And that is essential to keep any new business of yours or the revamping of an old one splotch-free.
GDPR’s Article 35 and 36 covers Data Protection Impact Assessments. The DPIA is a new requirement of the GDPR as part of the “protection by design” principle.
“Where a type of processing, in particular, using new technolog