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Support your trust, business and risk management strategies through tech-enablement with PwC and OneTrust
Data trust has quickly become a business imperative. According to PwC’s 2023 Trust Survey, 50% of consumers say they have experienced a trust-damaging event, with the majority of those consumers saying they ended the relationship with the company. It’s time to put trust at the center of your data and risk management strategies.
Together, PwC and OneTrust can bring a coordinated and tailored approach to your data trust and risk management vision. OneTrust’s Trust Intelligence Platform provides a suite of privacy, AI governance, data governance, risk management, security, compliance, internal and third-party risk management, ESG, and other trust solutions.
Combined with PwC’s strategy, implementation, deployment, and change management knowledge, we can assist your business in governing, discovering, protecting, reducing and reporting on data so you can meet your ultimate data value objectives and help reduce risk.
Data trust challenges
In today’s complex and ever-changing regulatory landscape, organizations are facing a number of challenges when it comes to managing privacy, security, third-party, ESG, AI and overall data risks.
These challenges include:
Other challenges include:
- Ineffective implementation or difficulty scaling or maintaining privacy, third-party risk management (TPRM), governance, risk, compliance (GRC) capabilities
- Lack of governance, visibility into data, automation, or duplicated activities attributing to inefficiencies in the Privacy, TPRM, or GRC programs
- Challenge managing risk, compliance with regulations and frameworks, and enterprise issues leading to inability to inform business decision and demonstrate trust
Why PwC and OneTrust
As companies continue to use personal information in new ways, regulator and consumer scrutiny continues to rise, and the speed of risks increases, it is imperative to build a cohesive and holistic solution for their data trust and transparency objectives. Many organizations struggle to develop enhanced and sustainable data trust capabilities enabled by technology, but PwC and OneTrust can help.
- Build a culture of data trust and transparency and maintain regulatory readiness
- Enhance program operations and harmonize risk and compliance programs to help create a risk aware organization that can be both proactive and strategic
- Develop a holistic view of risk to help mitigate internal and external privacy, security, and data risks
Enable your business through data trust
Maintaining regulatory readiness
Deploying privacy technology and supporting processes across the organization will help not only to meet immediate privacy requirements, but also prepare for upcoming applicable regulations
Building data trust
As consumers become more careful about sharing data, it's imperative for companies to meet the expectations and experience their consumers expect
Optimizing program operations
With the challenge of managing and operating a comprehensive privacy program, the goal is to not simply stand up a privacy program, but to understand how and where technology can help scale them
Helping realize customer value
As organizations continue to ingest a growing volume of personal information, a fundamentally sound data management program is key to improve decision-making and optimize usage of data
How PwC can help with OneTrust
Design and strategy support
Assist in evaluation of the current state environment and provide strategic and tactical recommendations to enhance data trust program maturity.
Operation and implementation support
Provide operational and implementation support using one or more OneTrust modules to operationalize and enhance existing processes.
Managed services
Operate OneTrust modules on behalf of our clients in a managed services or outsourced arrangement.
Expansion
Identify opportunities to expand the scope of OneTrust usage amongst clients in different industries.
The value of PwC and OneTrust
PwC and OneTrust have an established alliance that can be leveraged throughout our engagement with you.
We have extensive experience assisting clients with OneTrust products and operationalizing them on their behalf.
PwC’s Cybersecurity, Risk and Regulatory practice has a global staffing model with resources that are OneTrust certified, trained or experienced in OneTrust products.
PwC services integrated with OneTrust solutions
Helping to make data trust and transparency your competitive advantage using OneTrust’s Trust Intelligence Platform
Privacy and data governance
Our team of experienced privacy and data governance strategists and engineers brings decades of experience to help clients responsibly manage their data lifecycle, tackle privacy compliance requirements, and deliver consumer-centric privacy experiences. We can bring the right-sized approaches to our clients’ tech-enabled trust journeys, considering business strategies, consumer and regulatory expectations, and industry-specific perspectives.
GRC and security assurance
PwC takes a personalized approach to tailor Policy, Audit, Risks, Controls, and Issues to the organization's needs through OneTrust’s Policy Management, IT Risk Management, Audit Management, and control library. From strategy through execution, the goal of a tech enabled GRC program is to help our clients envision, design, launch, manage and continually enhance their digital integrated risk management and compliance solutions.
AI governance
Responsible AI can help to manage new and amplified risks associated with generative AI. Our approach to Responsible AI, PwC’s Responsible AI, can help deliver trust-by-design through the AI life cycle with frameworks, templates and code-based assets.
Third party risk management
Our team applies industry experience and deep understanding of regulatory expectations so we can develop innovative approaches within the OneTrust solution. We help our clients effectively manage their risk exposure so they can properly identify, mitigate and monitor the third-party risks within their operations. We can help our clients design, build, implement, and manage fit-for-purpose third party risk programs that can help protect their operations, brand and reputation at a better cost to operations.
ESG and sustainability
Increased ESG reporting and verification often requires high quality ESG data in a complex data model, engaging multiple stakeholders. PwC has developed accelerators and entered into alliance relationships so we can help you deliver efficient, reliable, impactful and sustainable ESG outcomes.
"The trust issue is becoming more critical and challenging as we continue to see more laws, regulations and enforcement in areas like privacy, data protection, cybersecurity, third party risk management, digital safety and ESG, combined with accelerated innovation and adoption of emerging technologies such as generative AI; requiring greater operational management while posing increased risk for non-compliance. Many companies are looking to strike the balance between regulatory compliance and the need to unlock the value of their data so they can stay competitive. This is where data trust and transparency comes in. At its core, a data trust framework can help identify solutions above and beyond compliance — instead prioritizing the trust and value exchange between organizations and customers. Together PwC and OneTrust are helping companies be better positioned to innovate and enable business strategies at scale in a responsible and trustworthy manner"
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