Securiti announces a $75M Series C Funding RoundView
In 2016, the European Commission replaced its long-existing Data Protection Directive with a modernised version, the General Data Protection Regulation (GDPR). The GDPR is based on the EU Charter of Fundamental Rights that considers the protection of personal data an individual’s fundamental human right.
The objective of the GDPR is to ensure the protection of personal information through a human rights-centric approach and allow secure transfer of personal information within and across jurisdictions. At present, the GDPR is considered to be one of the best global practices in relation to data protection and privacy legal landscape.
The GDPR provides the following rights for individuals. However, each right has its limitations with respect to circumstances under which it will not be exercised. For example, any “manifestly unfounded or excessive” request of a data subject may be refused to be exercised by the controller, in particular, because of its repetitive character.
The General Data Protection Regulation is not specific to the European Union, but applies to any organisation operating within or outside the EU which offers goods and services to customers or businesses in the EU.
If we dive into the specifics, there are two different types of data-handlers this legislation applies to, known as the 'processors' and 'controllers'. The exact definitions of each are laid out in Article 4 of the GDPR
SECURITI.ai’s award-winning compliance solution revolves around the concept of PrivacyOps, which calls for utilizing robotic automation, artificial intelligence and machine learning to provide enterprises with a system that automates majority of compliance tasks, freeing up crucial resources for other areas of business.
SECURITI.ai helps businesses discover data over a web of internal and external systems, stitch a data graph to link personal data with each individual, conduct automated internal assessment of policies as well as third-party vendors, manage consent and do a lot more!
While businesses may hesitate to take the leap towards automation from their current manual methods with the fear of costs and change in infrastructure, it is evident that automation is truly the way forward. Automation will increase the ROI as well as increase productivity, lowering cost and improving accuracy, in other words, it will pay for itself and bring organizations a number of benefits along with it.
At Securiti, our mission is to enable enterprises to safely harness the incredible power of data and the cloud by controlling the complex security, privacy and compliance risks.
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