Baker Tilly Poll Shows GDPR Compliance and Privacy Governance Still a Challenge for Most Organizations

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Baker Tilly Poll Shows GDPR Compliance and Privacy Governance Still a Challenge for Most Organizations


CHICAGO–(BUSINESS WIRE)–A flash poll conducted by Baker Tilly Virchow Krause, LLP (Baker Tilly)
indicates that while the number of respondent organizations that believe
they are compliant with the General Data Protection Regulation (GDPR)
increased more than 20 percent in the eight months following the May 25,
2018 enforcement date, nearly67
percent
of companies responding to the poll are still not compliant.
Additional data showed36
percent
of respondents identified information technology (IT) as
responsible for data privacy at their organization.

“Privacy governance is relatively immature with organizations only
beginning to incorporate it into their strategy,” David Ross, principal
and growth leader of Baker Tilly’s privacy and cybersecurity practices,
said. “At its core, privacy is a risk-based issue, not an IT or security
problem. A sustainable privacy program requires a multi-disciplinary
approach that incorporates governance, compliance and risk management
disciplines from senior management, finance, IT, security, HR and other
functional areas.”

“GDPR is becoming the de facto standard for privacy regulations in the
U.S. and across the globe. If an organization is compliant with GDPR,
the organization is already approximately 90-95 percent compliant with
the California Consumer Privacy Act,” Mike Vanderbilt, director with
Baker Tilly’s privacy practice, said. “Working toward a sustainable
privacy program enables an organization to pivot and adapt as new
regulations unfold.”

Baker Tilly recently held an educational webinar, “The rise of privacy:
a risk-based approach to privacy oversight, compliance and management,”
providing insight into how organizations can prepare for enforcement,
ongoing monitoring and compliance in an evolving privacy regulatory
landscape.

The webinar presenters discussed how to:

  1. Identify current and developing privacy regulations and emerging risks
    that impact oversight
  2. Assess the benefits, challenges and ultimate impacts of an integrated
    privacy oversight, compliance and risk management program
  3. Optimize a privacy assessment to enhance internal and external
    stakeholders’ trust and confidence in the organization’s data security
    and privacy processes and controls

Presentation slides and a recording of the webinar are available at https://bakertilly.com/insights/the-rise-of-privacy-a-risk-based-approach-to-privacy-oversight-compliance-a/.

About Baker Tilly Virchow Krause, LLP (bakertilly.com)
Baker
Tilly Virchow Krause, LLP (Baker Tilly) is a leading advisory, tax and
assurance firm whose specialized professionals guide clients through an
ever-changing business world, helping them win now and anticipate
tomorrow. Headquartered in Chicago, Baker Tilly, and its affiliated
entities, have operations in North America, South America, Europe, Asia
and Australia. Baker Tilly is an independent member of Baker Tilly
International, a worldwide network of independent accounting and
business advisory firms in 147 territories, with 33,600 professionals.
The combined worldwide revenue of independent member firms is $3.4
billion. Visit bakertilly.com
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Baker Tilly Virchow Krause, LLP is a member of the Baker Tilly
International network, the members of which are separate and independent
legal entities. Baker Tilly refers to the global network of accounting
firms of Baker Tilly International Limited. Each member firm is a
separate legal entity. Baker Tilly International Limited does not
provide services to clients.

© Baker Tilly Virchow Krause, LLP

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