TrustArc Data Privacy Management Platform - Short Review

The TrustArc Data Privacy Management Platform

The TrustArc Data Privacy Management Platform is a comprehensive solution designed to help organizations manage and comply with the complex landscape of global privacy laws and regulations. Here is an overview of what the platform does and its key features:

What the Platform Does

The TrustArc Data Privacy Management Platform is tailored to assist organizations in building, implementing, and demonstrating effective privacy and data governance programs. It aligns obligations across various laws and regulatory frameworks, ensuring seamless operationalization of privacy compliance and risk management.

Key Features and Functionality

Integrated Framework

The platform is built around the TrustArc Privacy & Data Governance (P&DG) Framework, which includes 16 standards covering 55 controls. These standards are organized into three phases: build, implement, and demonstrate, encompassing areas such as Integrated Governance, Risk Assessment, Policies and Standards, Processes, Awareness and Training, and more.

Automated Risk Management

The platform features a Risk Profile capability that provides a dynamic and comprehensive view of privacy risk across all systems, vendors, partners, and business activities. This includes automated and continuous evaluations of company risk in accordance with over 130 global laws, along with mitigation recommendations. The Risk Profile helps in identifying high-risk business activities, detecting and prioritizing third-party risk, and aggregating risk across the company.

Data Inventory and Mapping

The platform enables organizations to create an enterprise-wide data inventory, mapping the flow of data across the organization and with third parties. This helps in identifying and documenting accountable and responsible individuals for various business processes and systems.

Compliance and Regulatory Alignment

TrustArc’s platform aggregates and maps the interoperability of over 25 laws and regulations, ensuring compliance with global standards such as GDPR, CCPA, and others. It provides a holistic view of risk obligations, facilitating quick business decision-making and aligning stakeholders around risk-mitigation priorities.

Workflow Automation and Documentation

The platform automates workflows between IT, security, and privacy teams, streamlining communication and risk management. It offers pre-populated security documents aligned with regulations like NIST and ISO, reducing the time spent on documentation. This integration helps in building sustainable and automated workflows, improving governance and management within the IT department.

Breach Readiness and Incident Response

TrustArc’s platform includes tools for breach readiness and incident response, helping organizations plan for, respond to, and manage data breaches effectively. It integrates data inventory and data flow solutions to ensure prompt and compliant responses to privacy-impacting breaches.

Transparency and Reporting

The platform provides a transparent and actionable view of privacy and data risk through dynamic dashboards with drill-down capabilities. This allows for simple visualization of risk factor distribution across regions and countries, enabling stakeholders to quickly align around risk-mitigation priorities and demonstrate compliance efforts.

Conclusion

In summary, the TrustArc Data Privacy Management Platform is a robust tool that automates and simplifies privacy compliance and risk management, integrating IT, security, and privacy processes to ensure holistic and scalable privacy programs.