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General Data Protection Regulation (GDPR), enforced by the European Union (EU) starting in May 2018, is one of the most important data privacy regulations to come into force in the last 20 years. Yet, according to our survey1, 54% of businesses report that they are "not familiar at all" with GDPR.
Primarily, GDPR aims to provide EU citizens with the power to decide how companies use their data. The regulation states that businesses (anywhere in the world) processing EU citizens' personally identifiable information (PII) must ensure its security and privacy. You can find the long list of GDPR requirements on this website.
Noncompliance can lead to fines of up to 20 million pounds or 4% of annual global turnover, whichever is higher. Fines of such magnitude are reason enough to make sure your organization complies with GDPR.
There are several software solutions on the market that can help you remain compliant. In this buyers guide we'll help you decide on the kind of GDPR software that'll best suit you your business. Here's what we'll cover:
What is GDPR software?
Common features of GDPR software
What type of buyer are you?
Benefits of GDPR software
Key consideration when buying GDPR software
GDPR software is a privacy management tool that helps manage customer data, consent forms, and data security. GDPR compliance software facilitates customers' ability to choose the amount and type of data they want a company to store or process. It also helps improve an organization's data storage, governance, and privacy practices.
User access analysis in ManageEngine DataSecurity Plus (Source)
Choosing GDPR software with the right features is important to ensuring complete compliance. Below we discuss the key features to look for in a GDPR tool.
Consent management | Policies and practices (such as the use of web forms) to allow customers to opt-out of data tracking or explicitly cite what information they're willing to let a company capture, store, use, or share. |
Data portability | Functions to help customers move, copy, or transfer their personal data from one database, cloud, or IT environment to another. |
Access controls | Allows for database monitoring, restricted sharing, secure password creation, and other measures to prevent unauthorized access to sensitive data such as PII. |
Notifications | Sends alert messages that notify administrators about unauthorized access to data records, pending user requests, and changes required in the controls to meet compliance updates. |
Dashboard | Centralized view to capture and track how all GDPR sensitive data is classified, labeled, protected, used, and stored. |
Data governance | Frameworks that help map customer data, track where it's stored, monitor its usage, understand risks around it, and respond to data management requests, including the ability to delete the data. |
Incident management | Generates automated process workflows and reports to document and respond to data breaches in accordance with GDPR guidelines. |
Audit trail | Offers systems to track and document which user has made changes to data management settings and when they were made. |
GDPR applies to all organizations that process data of EU citizens, irrespective of their business size and industry vertical. The following scenarios represent different buyer types to consider:
In addition to helping your business stay compliant with GDPR, the software can provide these additional benefits:
Even though you might be hurrying to meet GDPR requirements, it is important to consider some of the below parameters when buying GDPR software.
Note: The applications selected in this article are examples to show a feature in context and are not intended as endorsements or recommendations. They have been obtained from sources believed to be reliable at the time of publication.
1Methodology: The data security survey referenced in this article was conducted by Gartner Digital Markets in June 2019 among 714 respondents who reported full-time employment in the United States.