In this installment of our blog series, Managing Privacy and Risk in Financial Services, we examine the global impact of the General Data Protection Regulation (GDPR).
Don't ruin my reputation AND take my money!
The adjustments needed to comply with the GDPR are significant. You must comply or risk paying severe penalties of up to 4% of worldwide turnover for non-compliance. The penalty to financial services organizations are not only steep fines but reputation damage, too. ServiceNow provides a framework to help companies accelerate their journey to GDPR compliance.
Compliance + Good Press = Happy Place
By providing a single, integrated platform, ServiceNow helps you prepare for the regulation, establish your data protection policy and associated controls, assess your compliance with the GDPR, and manage the risks related to these controls. A colleague of mine from across the pond and one of our resident compliance experts, Eric Le Martret, will pitch in to discuss the best practices to address the GDPR requirements: Continue reading on ServiceMatters.
See you on Monday, October 2nd, for Part Four of this Six-Part series on Managing Privacy and Risk in Financial Services.
Next posts:
Part Four: Responsible for You and Your Friends (Vendor Risk)
Part Five: We Have a Plan (NY State Cyber Regulations)
Part Six: Rinse and Repeat (IT GRC)
Additional Resources:
- Join us for our webinar, "Managing Privacy and Risk in Financial Services" on Tuesday, October 10 at 8:00am PDT/11:00am EDT.
- Download our ebook: GDPR Compliance: Are you Ready?
- GDPR in Financial Services Video
