Your Risk Level: Medium
It looks like you have a few critical risk factors that may be worth addressing. Depending on the sophistication of your current privacy program, this may be something that’s already on your radar. It’s important to have a solid documented understanding of your current privacy structure and what compliance requirements you need to follow. By ignoring these risk factors, you could leave your organization vulnerable to a data breach or under scrutiny from government authorities. Both of these scenarios can have major impacts for an organization and can lead significant financial costs.
The privacy landscape is changing incredibly fast and new international privacy laws are being implemented on a regular basis. It is important to remain vigilant and conduct regular reviews on your organization’s requirements to ensure you comply with applicable laws.