The financial costs of non-compliance can amount to millions of USD
The non-financial implications may be even costlier to the organization
It costs an enterprise $1,400 on average to fulfil a single data access request
According to Gartner, handling a Data Subject Access Request (DSAR) costs an enterprise $1,400 per request, on average, and takes a minimum of two weeks to process.
As the number of regulations and DSARs grows, manual handling simply cannot scale. In the first 18 months after Europe’s General Data Protection Regulation (GDPR) went into effect, Microsoft’s self-service portal received 25,000,000 DSARs – an impossible number to handle without automation.
With the California Consumer Privacy Act (CCPA), and dozens of other regulations following GDPR, more companies worldwide must quickly comply, or face fines in the millions of dollars.
Most data privacy compliance management solutions automate DSAR case management processes. They leave the heavy lifting – data mapping, collection, processing, and redaction, across dozens of systems – to time-consuming, error-prone, cross-departmental, manual processes.
Even solutions that support integration with third-party data management platforms typically require lengthy, expensive customization, especially for enterprises with highly fragmented customer data.
When it comes to GDPR and CCPA compliance, the workflow problem is just the tip of the iceberg. The real challenge lies below surface. It’s the data problem.
K2View CCPA & GDPR Compliance software connects to customer data, no matter where it resides, and maps it into a Digital Entity™ that represents each customer. With one click, it delivers secure, automated response to any subject data request, with features that address critical data privacy needs.
The K2View solution collects data from all underlying sources, automatically, to enable DSAR fulfillment in just a few minutes. It also enables the deletion of a customer’s data from all systems, should the “right to be forgotten” be exercised.
K2View Data Privacy Management is easy and quick to set up, and flexible in adapting to your organization's specific needs, as well as to changing compliance requirements. With K2View DPM, enterprises can:
The K2View CCPA compliance software:
The K2View compliance management solution addresses all aspects of data privacy, including:
In a matter of months, K2View DPM enabled this tier I telco to automate its compliance with the California Consumer Protection Act (CCPA). But with K2View DPM’s flexible capabilities, the company not only met the met the January 1, 2020 deadline, it drastically simplified its overall data management and future-proof itself from new data privacy laws being introduced around the world.
