Privacy World has been talking about the importance of data inventories for years. Why? Because it is next to impossible to build a compliant privacy and data security program without first doing a data inventory. A data inventory will serve as a roadmap to help a company meet various privacy and security compliance milestones. Yet, completing a data inventory is one of the hardest and most daunting parts to building a privacy program. At least it was for Katy when she was in-house as a Global Data Protection Officer. The alternative to proactively creating a data inventory is trying to hastily create one during the middle of an incident response or responding to a regulatory demand, which Katy and Shea have seen numerous times helping clients during a crisis. Indeed, building a data inventory during a time of turmoil is the worst time to confirm a company’s data processing practices, and we want to help you avoid this worst-case scenario as you work to build out your 2023 privacy and data security compliance action plan. Continue Reading Kick Start Your Data Inventory Project in 7-Steps
