The regulations concerning personal data will continuously be tightened as the amount and the value of personal data will increase. This is why it is even more important to integrate the GDPR program in the data security policies of the business.
What is GDPR?
The European Commission’s regulation for data protection rules have been updated in the General Data Protection Regulation with legislation that came into force May 2018 to all EU countries.
GDPR represents the biggest shake up of data protection law in over 20 years. It has had a massive effect on organizations and has introduced greater regulation, control and governance over personal data. The new data protection rules create a harmonized framework and present a multitude of new compliance obligations around new consent rules, enhanced privacy rights of individuals, demands for privacy impact assessments to understand risk, and ‘privacy by design’ for all business operations and processes. New obligations for data transparency have also been introduced for confidentially breaches and new rights against the use of personal data with the right to be forgotten and data portability. As a result, the rules are now far stricter for capturing, storing, processing and managing data.
Data breaches are costly! Consequences of mishandling personal data potentially lead to non-complying organizations facing fines of up to 4 percent of their global annual turnover or €20 million, whichever is higher. This regulation which became effective in May 2018, brought big challenges – making it even more crucial for organizations to have their SAP landscape in order.
Your SAP Systems Hold Personal Data!
However, 86% of SAP users don’t fully understand the implications of GDPR in relation to their current SAP landscape and future use of SAP! All systems such as SAP ERP, Business Intelligence, CRM, HCM and other SAP applications need to be included in your GDPR preparation project. In order to comply, you will need a focused approach to managing, owning and processing data.
How itelligence Can Help You on Your Data Compliance Journey
There is a lot of complexity and confusion about GDPR. As a trusted SAP advisor and full-service provider of SAP applications and analytics solutions, itelligence can provide clarity of thought and straightforward actions on what you should consider when embarking on your data compliance journey.
GDPR is important with huge implications. In the context of a wider data management and information lifecycle management strategy, we can highlight the practical steps you can take now to minimise the risk in your SAP systems. No single solution can address all of GDPR’s requirements but there are specialised SAP solutions that can present a comprehensive platform to managing risk within SAP and non-SAP systems.
itelligence has a number of pre-packaged risk management solutions and accelerators, developed from our global knowledge pool and supported by strong partnerships with leading GRC providers. Complemented by our data lifecycle methodology (Map, Monitor and Manage) we can help you to mitigate risk as you embark on your GDPR journey.
SAP Information Lifecycle Management
You need to be able to provide evidence that you are able to manage personal data throughout its entire lifecycle. A key requirement of GDPR is the ‘right to be forgotten’ and data portability involving the identification, blocking, deletion and archival of sensitive data.
SAP Information Lifecycle Management (SAP ILM) is the only solution for managing this process and presents the only way possible to delete data in SAP applications.
SAP ILM will not only solve some of your GDPR challenges, but the solution is a perfect data archiving tool for SAP ERP. SAP customers can securely move data to longer term, less expensive storage but maintain access to archived data in a compliant manner.
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