FTI Consulting Expands Data Privacy Practice, Launches Data Protection Officer Services
December 05 2018 - 7:30AM
FTI Consulting, Inc. (NYSE: FCN), today announced the expansion of
its Information Governance, Privacy and Security (“IGP&S”)
practice and launch of its Data Protection Officer (“DPO”) Service
solution within the firm’s Technology segment. The practice has
increased its bench of experts recently to remain ahead of changes
and emerging challenges in the data privacy landscape and is
delivering additional solutions to navigate today’s complex privacy
risk matrix, including a DPO-as-a-service offering to help
companies satisfy regulatory requirements.
“Privacy is one of the most significant consumer protection and
corporate risk issues in the global information economy,” said Jake
Frazier, Leader of the IGP&S practice at FTI Technology. “The
imperative exists across all industries, regions and markets.
Organizations must establish proper data privacy risk management
and information governance, or risk material impacts to their
business model and bottom line. Our team works with clients to
evaluate their unique privacy risk management needs, strengthen
their risk and compliance posture and future-proof their personal
data management practices.”
A wide range of data protection laws around the globe — from the
General Data Protection Regulation (“GDPR”) to the emerging
California Consumer Protection Act (“CaCPA”) — are establishing
complicated and expansive private rights of action, granting
consumers and employees the ability to sue companies for damages.
To meet these challenges, company stakeholders and shareholders are
determining how to preserve the value of their data repositories,
continue business activity and reconcile strategy and operations
with regulatory obligations.
The IGP&S practice brings a deep bench of experts who
address changing and emerging challenges in the data privacy
landscape and are delivering solutions to navigate today’s complex
privacy risk matrix.
FTI Consulting provides a range of privacy services,
including:
- Privacy Managed Services: Ongoing support and
services including DPO services, crisis management, on-call breach
support and operational and management support;
- Program Development: Depending upon the
client’s need, services can include strategy development, program
implementation and transformation;
- Regulatory Assessments and Process
Development: For companies that need to better understand
their regulatory risk, these services can include regulatory gap
assessments, policy drafting, compliance process implementation and
regulatory affairs support for GDPR, HIPAA, CaCPA and more;
- Privacy Tech Enablement: As companies grow
increasingly reliant upon digital automation, the IGP&S team of
data privacy experts can implement “privacy engineering” best
practices to ensure technology environments adhere to data privacy
requirements;
- Privacy Risk Management: Data privacy experts
can conduct quantitative privacy and information security risk
analysis, including emerging, third-party and operational risk, as
well as control testing and control tuning;
- Deal Support: Ensure that privacy due
diligence is conducted as part of M&A activities and
post-acquisition integration; and
- Industry-Specific Solutions: Technology,
ad-tech/media, telecom, financial services, healthcare and life
sciences subject-matter experts can address nuanced,
industry-specific data privacy challenges.
“The drivers and pain points around data privacy today extend
far beyond operationalizing GDPR compliance,” said Sophie Ross,
Global Chief Executive Officer of FTI Technology. “GDPR has
provided a significant opportunity for companies to strengthen
their data privacy practices and improve their foundation for
consumer trust. Still, many are struggling to fully execute their
privacy programs or establish processes they can sustain and
enforce over the long term. We have worked with hundreds of
clients, of varying size and scope, to build programs that
incorporate the right balance of technology, policy, people and
workflow, and address compliance without hindering business
activities.
FTI Technology’s privacy services build upon the firm’s history
of experience and knowledge in delivering dedicated solutions for
information governance, compliance, security and data privacy risk.
In addition to expanding its range of solutions, the firm has
bolstered its IGP&S team with 15 new consultants in the last 18
months, including the hire of Senior Managing Director Steven S.
McNew, an expert with 31 years of experience in information
management, information privacy, complex discovery and computer
forensics. In addition, the firm’s newly launched DPO Service
offering gives companies a simple and cost-effective mechanism to
meet crucial regulatory requirements by providing expert knowledge
of data protection law and practices, properly monitoring the
company’s regulatory compliance and data privacy risk, training
staff, conducting assessments, maintaining processing records,
conducting audits and liaising with supervisory authorities.
For more information and to see the full suite of FTI
Technology’s offerings, visit
https://www.ftitechnology.com/solutions/information-governance-and-compliance-consulting-services.
About FTI ConsultingFTI Consulting, Inc. is a
global business advisory firm dedicated to helping organizations
manage change, mitigate risk and resolve disputes: financial,
legal, operational, political & regulatory, reputational and
transactional. With more than 4,600 employees located in 28
countries, FTI Consulting professionals work closely with clients
to anticipate, illuminate and overcome complex business challenges
and make the most of opportunities. The Company generated $1.81
billion in revenues during fiscal year 2017. For more information,
visit www.fticonsulting.com and connect with us on Twitter
(@FTIConsulting), Facebook and LinkedIn.
FTI Consulting, Inc. 555 12th Street NW
Washington, DC 20004 +1.202.312.9100
Investor Contact: Mollie
Hawkes+1.617.747.1791mollie.hawkes@fticonsulting.com
Media Contact: Shannon
Sullivan+1.206.373.6522 shannon.sullivan@fticonsulting.com
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