Glossary definition: GDPR Risk Assessment

Conducting a GDPR Risk Assessment

GDPR Risk Assessment is a comprehensive, systematic and documented process of evaluating the potential risks associated with the collection, storage, and processing of personal data under the General Data Protection Regulation (GDPR). This assessment is designed to identify, analyze, and document any risks to the privacy and security of personal data that may exist within a company's data processing activities. The assessment also includes an evaluation of the measures taken to mitigate or eliminate any identified risks. The GDPR Risk Assessment should be conducted by a qualified professional and should include the following steps: (1) Identifying the data processing activities that are subject to the GDPR; (2) Identifying any potential risks associated with the data processing activities; (3) Evaluating the measures taken to mitigate or eliminate the identified risks; (4) Documenting the assessment findings; and (5) Developing a plan of action to address any remaining risks. The GDPR Risk Assessment should be reviewed and updated regularly to ensure that any changes in the data processing activities are taken into account and that any new risks are identified and addressed.