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Can misuse of Privacy Shield increase your risks?

GDPR, CCPA, and Privacy Shield have been big news items over the last year.

We’ve all heard of the biggest privacy lapses by Facebook, British Airways, and others. The privacy litigation and GDPR fines have just begun as well.

The software industry has responded with a myriad of helpful solutions for organizations trying to manage the privacy requirements well. Here are some of the leaders: AuraPortal, AvePoint, Datagrail, IBM, LogicGate, MetricStream, Nasdaq BWise, Odaseva, OneTrust, PossibleNOW, RSA, SAI Global, SAP, ServiceNow, and TrustArc.

One area of risk often overlooked by most organizations, and most of these solutions, is the freshness of EU US Privacy Shield data. Initiating the use of Privacy Shield for GDPR compliance is simple, but rapid changes in Privacy Shield data catches many organizations by surprise.

The Privacy Shield list is very active and changes are frequent. New organizations listing in Privacy Shield has been growing by as much as 10% some months. Additionally, approximately 1% of participants change their Privacy Shield information, or churn off the list, every week.

Have you thought about how frequently your organization re-checks Privacy Shield? Are you keeping up with all the third-party data you rely on? Is an annual audit the only time that you will discover that your Privacy Shield partner is no longer on the listed or their privacy policy meaningful changed? What are the risks of out-of-date Privacy Shield data to your organization? Most companies have not mitigated these risks that accrue over time..

ProofPort can help. We make it easy and automatic to keep up with changes to the Privacy Shield list, so you can keep your compliance processes, teams, and systems up-to-date from now on.

Start using ProofPort for free beginning this September, and put this risk to rest.

May your Privacy Shield data never be out-of-date again!