Securiti Launches Industry’s First Solution To Automate Compliance
ViewLast Updated on November 16, 2023
Elegant Consumer Frontend, Fully Automated Backend, Privacy Regulation Intelligent Everywhere.
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The Qatar Financial Centre (QFC) issued the QFC Data Protection Regulations 2021 (Regulations) on December 21, 2021. These Regulations went into effect on 19 June 2022 and placed the responsibility on those who collect, hold and process personal data while giving rights to the people whose data is collected. Furthermore, these Regulations define specific principles and obligations with which data controllers and data processors must comply.
These Regulations apply to the processing of personal data by a data controller or data processor incorporated or registered in the QFC. QFC Data Protection Regulations also apply to the processing of personal data by a data controller or data processor that is not incorporated or registered in the QFC, if that data controller or data processor processes personal data through a data controller or data processor that is incorporated or registered in the QFC.
Securiti is a market leader in providing enterprise data compliance and governance solutions thanks to its PI data discovery, DSR automation, documented accountability, and AI-process automation features, among others.
Each of these solutions is backed up by state-of-the-art artificial intelligence and machine-learning-based algorithms, making Securiti an ideal option for organizations that want to achieve effective and efficient compliance with the QFC Data Protection Regulations 2021.
Request a demo today to learn how Securiti can aid you and your organization's compliance efforts.
Articles: 6, 7, 9, 25, 26, 28(1)(3)
Organizations can conduct regular internal assessments of their various data-related processes to evaluate their overall compliance status. Additionally, these assessments can help identify gaps and deficiencies, which can be appropriately remedied to ensure the organization is fully equipped and prepared to move ahead with its data processing activities while being fully compliant.
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Organizations can automate the entire process related to handling any incoming consumer data requests in a fully regulatory-compliant manner.
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The centralized dashboard allows all data access requests to be streamlined and easily viewable, allowing for better documentation of compliance measures.
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All data subject rectification requests can be automated with the real-time process visible via the centralized dashboard.
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All data subject erasure/destruction/anonymization requests can be automated with the real-time process visible via the centralized dashboard.
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All data subject objections to and restrictions of data processing requests can be automated with the real-time process visible via the centralized dashboard.
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Organizations can automate regular data protection impact assessments to ensure any risks borne as a result of the organization’s data processing activities can be identified and appropriately dealt with as early as possible.
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All incoming and outgoing data transfers in real-time can be fully automated to guarantee all such transfers, as well as cross-border transfers, comply with the appropriate data protection requirements.
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Organizations can easily view the real-time status of all their users' consent related to their data processing activities via the centralized dashboard. This results in a fully regulatory-compliant data collection process that fulfills all the data protection requirements. Additionally, this ensures no illegal transfers, sharing, or selling of data not consented by the user occurs.
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Organizations can automate the process of keeping detailed records of all processing activities undertaken to aid any future need to prove they undertook all relevant measures while conducting their data processing activities.
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Organizations can automate all appropriate compliance actions and data breach response notifications to relevant stakeholders by leveraging the knowledge database on security incident diagnosis and response.
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Organizations can easily track all their vendors' data processing activities to ensure their practices comply with the law.
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Organizations can ensure their cookie consent management complies with the law's appropriate requirements.
Articles: 13(1)(2), 14, 15
Organizations can automate the generation of a personalized privacy policy that contains all the necessary information to adequately educate the users about the data collection practices of the organization while also automating any notice requirements.
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Organizations can conduct regular internal assessments and audits, verifying the effectiveness of all data protection measures. Additionally, it can enable relevant security controls which may aid in its data protection activities while being compliant with the law.
Like most data protection regulations, the QFC Data Protection Regulations 2021 also provide users with a wide array of rights over their data, better known as data subject rights. These include:
All data subjects have the right to know from the data controller if any of their personal data is being processed. If so, the data subject must be given access to all such data collected and the information as described in the law.
All data subjects have the right to request rectification of any and all personal data collected that is inaccurate/incomplete/outdated. The data subject must provide a supplementary statement to complete any personal data that is incomplete.
All data subjects have the right to request the erasure of any and all personal data collected by the data controller. In the appropriate circumstances, the data controller must honor such a request without undue delay.
All data subjects have the right to object to processing their personal data. Additionally, the data subject can object to processing their personal data for direct marketing purposes. In such cases, the data controller must cease the processing of the data subject's personal data without undue delay.
All data subjects have the right to request a data controller to restrict the collection of their personal data.
All data subjects have the right to receive any and all personal data collected on them by the data controller in a structured, commonly used, and machine-readable format.
All data subjects have the right not to be subjected to a decision that is based solely on automated processing, including profiling if the decision would have a legal effect on them or would otherwise significantly affect them.
Here are some important facts to know about the QFC Data Protection Regulations 2021:
The QFC Data Protection Regulations 2021 establishes the Data Protection Office, which holds power to carry out data protection audits, obtain access to any data controller and processor's data processing equipment and means, issue reprimands to data controllers and processors, and impose a temporary or permanent limitation.
The maximum penalty allowed in the event of non-compliance with the Regulations is $1.5 million per offense.
Any data subject that suffers material or non-material damage due to an infringement of these regulations has the right to receive compensation from the data controller or data processor responsible for the damage suffered.
These regulations do not apply to natural persons during their purely personal or household activities.
At Securiti, our mission is to enable organizations to safely harness the incredible power of Data & AI.
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