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GFT UK Office Office

GFT Financial Limited. 9th floor, 107 Cheapside
London
EC2V 6DN
GB

GFT USA, Inc Office

261 Madison Avenue, 19th Floor,
New York City
NY 10016
USA

GFT Brazil Office Office

GFT Brasil Consultoria Informática Ltda. Alameda Rio Negro, n° 585 Ed. Padauiri,
10° andar, Alphaville,
06454-000 Barueri -SP
Brazil

GFT Belgium Office Office

GFT Technologies Belgique AS, Square de Meeûs 35,
1000 Bruxelles
Belgique

GFT Canada Office Office

GFT Canada Inc. 70 University Avenue, Suite 1460,
Toronto,
Ontario M5J 2M4
Canada

GFT China Office Office

GFT Technologies Hong Kong Ltd. Lee Garden One, 33 Hysan Road,
Causeway Bay,
Hong Kong
CH

GFT Cost Rica Office Office

GFT Costa Rica S.A. Edificio 1B Ultrapark,
La Aurora Heredia
Costa Rica

GFT France Office Office

GFT France SAS, 12 rue Alsace Lorraine,
79000 Niort
France

GFT Germany Office Office

GFT Technologies SE Corporate Center, Schelmenwasenstr. 34,
70567 Stuttgart
Germany

GFT Italy Office Office

GFT Italia S.r.l. Via Sile, 18.
Alphaville20139 Milano
Italy

GFT Mexico Office Office

GFT México S.A. de C.V. Calle Gobernador Agustín Vicente Eguia 46, 6º Colonia San Miguel Chapultepec. 11850 Mexico City
11850 Mexico City
Mexico

GFT Poland Office Office

GFT Poland Sp. z o.o. ul. Kilińskiego 66,
90-118 Łódź
Poland

GFT Singapore Office Office

GFT Technologies Singapore Pte. Ltd. 71 Robinson Rd.
068895 Singapore
Singapore

GFT Spain Office Office

GFT IT Consulting, S.L.U. Avinguda Alcalde Barnils, 71.
08174 Sant Cugat del Vallès
Spain

GFT Switzerland Office Office

GFT Schweiz AG. Baumackerstrasse 24.
8050 Zurich
Switzerland

GFT Vietnam Office Office

GFT Technologies Vietnam Limited. Room 02-115, 2nd Floor, Lim Tower 3, Number 29A, Nguyen Dinh Chieu Street,
Da Kao Ward, District 1
Vietnam

Telephone

T +44 20 3372 9200

Contact

Tim Osler / Dawn Blenkiron / Benjamin Tranham
[email protected] / [email protected] / [email protected]
Back to all GFT announcements

GFT and Proteus-Cyber partner to deliver world class data protection management

Data protection is becoming increasingly critical for companies in all industries: By 2023, companies that earn and maintain digital trust with customers will see 30% more digital commerce profits than their competitors*, while on the other hand the number of data breaches and the cost associated with them is rising year after year. So-called “mega breaches” cause average costs of USD 401 million**.

GFT and Proteus are partnering to make data protection processes significantly more efficient while mitigating risks. The partners combine Proteus’ highly innovative data protection management platform with GFT’s deep tech expertise to deliver transformational data protection. The Proteus NextGen Data Privacy software platform includes a modular contract building kit to help data protection officers create new privacy agreements from the bottom up. It even automatically builds agreements, facilitates their completion and correctness by using pre-defined building blocks, automates transfer impact assessments and migration of vendor agreements to new SCCs***.

GFT will bring their sector knowledge, digital transformation expertise and passion for technology and innovation to the party to benefit existing and new clients alike. Together, the partners aim to help their clients establish and maintain oversight of personal data in the organisation and sharing of this data with other organisations manage regulatory, contractual, technical and organisational requirements in the treatment of personal data on the basis of a risk oriented approach build and maintain a privacy management framework to help minimise the risk of a data breach manage continuous change in the regulatory space.

Commented Ernst-Oliver Wilhelm, GFT Group Chief Privacy Officer: “New regulatory decisions like Schrems II and new SCCs for third country data transfers have caused a lot of disruption in the field of data protection. With our new partnership, we are offering a way to significantly reduce complexity and mitigate the risks in these and other crucial areas of managing personal data. We use this tool internally and we are very happy to offer it to our clients.”

John Clelland, CEO Proteus-Cyber, adds, “The combination of GFT’s world class expertise and Proteus’ innovative software will deliver to more organisations a transformational data privacy programme in which they can have confidence.”

Further details on the services capability of GFT can be found at www.gft.com whilst information about the Proteus NextGen Data Privacy Management software is at www.proteuscyber.com.

* https://www.gartner.com/en/documents/3989495/the-state-of-privacy-and-personal-dataprotection-2020-2
** https://newsroom.ibm.com/2021-07-28-IBM-Report-Cost-of-a-Data-Breach-Hits-Record-HighDuring-Pandemic
*** Contractual clauses are providing appropriate data protection safeguards for international data transfers. This includes the so-called “standard contractual clauses” (SCCs) which have been modernised mid of 2021. The prior SCCs can continue to be used for existing data transfers until December 2022, giving organizations less than 12 months from now to move their legacy data transfers over to the new SCCs. For more details: https://ec.europa.eu/info/law/law-topic/dataprotection/international-dimension-data-protection/standard-contractual-clauses-scc_en