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Navigating New Data Privacy Laws: Key Considerations for Businesses in Today’s Interconnected World

LogisManager

million fine imposed on Marriot for their 2018 data breach. Conduct a Data Audit: Perform a comprehensive audit of the data your company collects, processes, stores, and shares. This audit will help you assess compliance gaps and develop strategies to address them.

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Navigating New Data Privacy Laws: Key Considerations for Businesses in Today’s Interconnected World

LogisManager

million fine imposed on Marriot for their 2018 data breach. Conduct a Data Audit: Perform a comprehensive audit of the data your company collects, processes, stores, and shares. This audit will help you assess compliance gaps and develop strategies to address them.

Audit 52
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IRM, ERM, and GRC: Is There a Difference?

Reciprocity

2007-2012): Audit management, enterprise, and operational risk management, compliance beyond financial controls, and more. 2013-2018): Using GRC solutions for enterprise-wide management in various areas such as risk management, compliance, legal, finance, audit, security, and health and safety. IRM: A Short History.

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What Does a Compliance Management System Look Like?

Reciprocity

Regular audits of the compliance program. For example, in 2018 the CFPB levied a $1 billion fine against Wells Fargo Bank for “unfair, deceptive, or abusive acts and practices” (UDAAP) associated with home and auto loans. The board sets the business objectives for your organization to manage and mitigate risks.