GFT and Proteus are partnering to make data protection processes more efficient while mitigating risks, combining Proteus data protection management platform with GFTs deep tech expertise to deliver transformational data protection.
Image courtesy GFT
Data protection is becoming increasingly critical for companies in all industries: By 2023, companies that earn and maintain digital trust with customers will see 30% more digital commerce profits than their competitors, while on the other hand the number of data breaches and the cost associated with them is rising year after year. So-called “mega breaches” cause average costs of USD 401 million.
The Proteus NextGen Data Privacy software platform includes a modular contract building kit to help data protection officers create new privacy agreements from the bottom up. It even automatically builds agreements, facilitates their completion and correctness by using pre-defined building blocks, automates transfer impact assessments and migration of vendor agreements to new SCCs.
GFT will bring their sector knowledge, digital transformation expertise to benefit existing and new clients alike. Together, the partners aim to help their clients:
establish and maintain oversight of personal data in the organisation and sharing of this data with other organisations
manage regulatory, contractual, technical and organisational requirements in the treatment of personal data on the basis of a risk oriented approach
build and maintain a privacy management framework to help minimise the risk of a data breach
manage continuous change in the regulatory space
Commented Ernst-Oliver Wilhelm, GFT Group Chief Privacy Officer: “New regulatory decisions like Schrems II and new SCCs for third country data transfers have caused a lot of disruption in the field of data protection. With our new partnership, we are offering a way to significantly reduce complexity and mitigate the risks in these and other crucial areas of managing personal data. We use this tool internally and we are very happy to offer it to our clients.”
John Clelland, CEO Proteus-Cyber, added “The combination of GFT’s world class expertise and Proteus’ innovative software will deliver to more organisations a transformational data privacy programme in which they can have confidence.”