Many organizations do not know how to find, access, or control personal data. That inability to accurately manage personal data creates a few different organizational risks. For organizations with global operations, those risks are magnified.
The first major risk organizations face relates to compliance with laws. If an organization doesn’t know what personal data it has, where that personal data resides, and who has access to that personal data, compliance with data privacy laws like the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and the new Colorado Privacy Act (CPA) becomes nearly impossible.