Are you unsure where to start with GDPR compliance? GDPR Audit is the first step towards the road to compliance with GDPR and aligns your company with the legal requirements of under GDPR.
GDPR Audit is a great way to see how the regulation applies to your organisation and identifies critical, high risk, or weak areas of your organisation. Plus, understanding the GDPR audit costs can help you plan effectively for compliance without unexpected expenses.
Understanding GDPR Audit
Before diving into costs, it’s crucial to understand what a GDPR audit is. A GDPR audit involves an in-depth review of your company’s data processing activities to ensure compliance with GDPR. This process examines how personal data is collected, stored, processed, and secured and your procedures for handling data breaches. It also identifies areas where your organisation may fall short (a GDPR gap analysis), helping to mitigate potential risks and non-compliance.
Are you subject to GDPR?
Before embarking on a GDPR audit, it’s essential to determine whether your organisation is subject to GDPR regulations. The GDPR applies to any company that processes the personal data of individuals residing in the European Union, regardless of the company’s location.
If your organisation processes personal data, whether through direct transactions or via third-party vendors, it is subject to GDPR. To assess whether GDPR applies to your business, consider
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- Do you offer goods or services to individuals within the EU?
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- Do you monitor the behaviour of individuals in the EU (e.g., through website cookies)?
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- Are you processing personal data that relates to identifiable individuals in the EU?
If the answer is yes to any of these, your organisation must comply with GDPR. A GDPR audit will help identify the specific steps your business needs to take.
Find out here about our GDPR Audit.
Know their rights
Individuals can now ask an organisation what data they hold on them. They can access their data and request the organisation to rectify or delete their personal data where such data retention is without consent or unjustified. Are you Compliant
Breach management
GDPR stipulates legal requirements that must follow in case of a data breach incident. Organisations are now required to inform the individuals as well as the supervisory authority within 72 hours under certain circumstances. Get Started
GDPR audit & assessment
Our AI based technology solution means you can easily become fully compliant under GDPR and ePrivacy Directive by auditing all your processes & procedures with our easy to use assessment tools. These tools will immediately identify any gaps in your armour so that you will know exactly where you stand in no time at all.
Non-compliance is against the law and carries fines of up to €20,000,000.
Consent
Consent is one of the six lawful bases stipulate the GDPR. Under GDPR, the consent should be valid, informed and up-to-date. The GDPR has additional consent requirements in case of children’s data processing. Do you have Consent?
How good is your information security?
Information security is at the heart of data protection.
GDPR states that organisations must implement organisational
(as well as) technical measures. Seers GDPR Audit take you
through these requirements to see if you are lacking in any
of these areas.Find out now
– Doug Armstrong
Privacy notices
GDPR now requires an organisation to serve privacy notices to the individual data subjects on what data the organisation holds about them and what do they do with this data. The GDPR Audit assesses whether your privacy notices are fully in line with Article 13 and 14 of the GDPR. Get Started
Become compliant – quickly & efficiently!
Once you have utilised our GDPR and PECR audit tools, you can rest assured that you are compliant with GDPR and ePrivacy Directive and can protect yourself from potential fines, loss of business and reputational damage! Get Started
Assessment of processing risk (Audit)
Assess the compliance risk of your data processing activity based on two criteria:
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- Sensitive data
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- Vulnerable individuals.
As a rule of thumb, the more sensitive data and data of vulnerable individuals your process, the more compliance risk you carry. Get Started
Is Your Business GDPR-Ready?
With Seers GDPR Audit, compliance has never been easier. Our Solution makes compliance easy so you can focus on what matters.
- Avoid penalties with a comprehensive audit.
- Keep your business compliant with up-to-date GDPR practices.
- Build trust with your audience by ensuring their data is safe.
- Fast, efficient, and hassle-free GDPR audits at your fingertips.
Don’t wait—ensure your business is GDPR-ready with Seers.
Book Your Demo Now
The Cost Of GDPR Audit
Recently, Ernst & Young published a report that illustrated the 500 global corporations that are on track to comply with GDPR and ready to spend $7.8 billion.
“The question here is how much will the GDPR audit costs a small-scale organisation? There are plenty of factors that help to balance the cost of implementing a GDPR audit.”
For example, type, volume or size of your personal information that an organisation tackle has an impact on the cost of a GDPR audit. The GDPR audit process consists of different steps and phases. Every single level has its own cost and requires time and effort accordingly such as data discovery, customer privacy notification, GDPR staff training etc.
Point to consider
First and foremost determine whether your organisation processes the data of people living in the European Union. If the answer is no, then GDPR does not apply to your organisation. If the answer is yes, then the factors mentioned below will help you better understand your requirements under GDPR:
The GDPR audit costs compliance inventory
- Firstly, Your organisation needs to be either a data processor or data controller. Because both of these are accountable to protect your data and there are particular requirements to fulfill by controller or processors.
- Secondly, Identify your risk factors; in case of any risk relevant to securing personal data, additional controls will implement.
- Thirdly, The more significant number of categories, business lines, and processes which require the handling of personal data has an impact on the cost. The higher the number, the greater the value. Additionally, it is quite essential for your organisation to process all personal data.
- Fourthly, Do know if any distinct repositories are in use to store personal data?
- How many organisations does your entity share personal data with? Have you implemented processes to monitor vendor compliance?
- For instance, if your organisation transfers personal data to an organisation within a non-EU country. Then you have to verify that contracts are in place with international organisations to fulfil requirements for data protection and privacy.
- Also, your company should keep data to use for the least amount of time needed.
- Also, To manage all the data; the correct processes for accessing, correcting, updating, transferring, restricting, removing and storing personal data ought to implement.
- Legal review of contracts require to uphold whether a Data Protection Addendum has drafted or signed by clients and vendors.
- Additional requirements will apply if you are processing children’s personal data.
- Utilize credible penetration testers and vulnerability scan vendors to test security controls for the compliance of secure personal data.
- Lastly, To oversee privacy requirements, a Data Protection Officer (DPO) is important.
What is the risk of non-compliance with GDPR? (Audit)
In conclusion, non-compliance with GDPR can result in potential fines of up to 20 Million Euros fine or 4% of annual global revenues (whichever is higher) by the supervisory authority within the EU. This should not take lightly and as the value of personal data increases thus, the level of protection measures utilised should also be raise. Otherwise, you will be vulnerable to the risk of potential fines, loss of business and reputational damage.
GDPR Gap Analysis
A GDPR gap analysis is an essential part of ensuring compliance. It identifies any areas where your business may not meet GDPR requirements, such as missing data protection policies or insufficient consent mechanisms. Conducting a GDPR gap analysis typically costs less than a full audit, but it helps you avoid the high costs of non-compliance.
If significant gaps are identified, you may need to invest in additional compliance measures to add to the overall GDPR compliance price.
What to Expect During a GDPR Audit
During a GDPR audit, auditors will review several areas, including
- Data Inventory: Analysing how personal data is collected, stored, and processed.
- Consent Mechanisms: Ensuring users have provided explicit consent for data processing.
- Data Subject Rights: Review how your business handles requests for data access, rectification, and deletion.
- Data Security Measures: Assessing your technical and organisational measures to protect personal data.
- Third-Party Data Processors: Auditing any external processors or partners who handle your data.
- Incident Response Plans: Ensuring you have a proper protocol for data breaches.
Understanding the GDPR audit requirements will help you prepare, ensuring that your audit process is efficient and cost-effective.
Final thoughts
In conclusion, non-compliance with GDPR can result in potential fines of up to 20 million euros or 4% of annual global revenues (whichever is higher) by the supervisory authority within the EU.
This should not be taken lightly; as the value of personal data increases, the level of protection measures utilised should also be raised. Otherwise, you will be vulnerable to potential fines, loss of business, and reputational damage.
Ready to simplify GDPR compliance? Consider using Seers GDPR Audit as best and cost-effective GDPR solution.
Seers Your Expert Partner in GDPR Compliance and Training
Seers Overview:
- Seers provides an advanced GDPR Audit Tool to ensure complete data privacy compliance.
- Our tool helps businesses meet GDPR regulations effectively and avoid hefty fines.
Founding Purpose:
- The Seers platform was created to empower businesses with the tools they need to excel in GDPR compliance.
Passion and Motivation:
- We are passionate about data privacy and ensuring businesses meet legal requirements seamlessly.
- Our mission is to provide reliable solutions that build trust and enhance brand reliability.
What We Offer:
- A comprehensive GDPR Audit Tool for thorough compliance checks.
- Customisable GDPR training programs to educate your team on data protection.
- Easy integration with your existing systems and processes.
- Ongoing support to navigate GDPR requirements seamlessly.
- Opportunities for strategic partnerships to enhance compliance efforts.
Ready to ensure GDPR compliance effortlessly with Seers?
Book Your Demo Now
