Straits Interactive today announced
the data protection industry’s first integrated Data Protection-as-a-Service
(DPaaS) platform to assist data protection officers in SMEs to implement and
manage their own Data Protection Management Programme (DPMP).
The innovative annual service
support plan, which can be customised based on the organisation’s needs, is
priced at the equivalent of $1,100 per month for *SMEs. The concept of the plan
is similar to that of buying a car where the customer is offered a range of
services. For the DPaaS platform, that includes the following components:
● **SME Data &
Privacy Protection Insurance (underwritten by Delta Insurance) with a
policy coverage of up to S$250,000 in the annual aggregate, protecting
liabilities arising from failure to comply with data protection laws,
management of personal data and the consequences of losing information. The
policy also covers direct first party losses such as recovering lost or
destroyed data, data subject’s notification, credit monitoring and forensic
investigation expenses arising out of network attack and security breach
● A Data
Protection Officer Hands-on Course (two seats) where, upon successful
completion of all necessary course requirements, participants will be awarded a
Certificate of Proficiency in Data Protection and GRC (Governance, Risks
Management and Compliance) and will be equipped with the necessary knowledge
they need to establish a DPMP for their organisations
● Professional
Advisory (including
remote support) from an assigned certified information privacy consultant and
one hour of legal guidance to assist in developing, managing and implementing
the DPMP
● e-Learning for up to 50 seats on the Personal Data Protection Act
(PDPA), which would cover the organisation’s internal data protection policies
and practices
● Data Protection Management Programme (DPMP)
software (DPOinBOX)
with four seats covering the DPO and three shared services departments that are
essential to SMEs as part of their business operations (i.e. HR, IT and
Finance/Admin); these include compliance assessment templates, personal data
inventory functionality and data flow mapping functionality a risk register and
response management (including data subject access requests)
In addition, as part of DPaaS, the
assigned certified information privacy consultant will contact the organisation
at various milestones throughout the year to review the progress of its DPMP
implementation. The consultant will be able to answer the organisation’s
questions and will be able to suggest options to tackle operational issues as
well as to assess whether the DPMP is progressing in line with essential draft
templated policies and key DPMP-related standard operating procedure
guidelines. This also includes support in the event of a data protection
incident or breach.
Kevin Shepherdson, CEO, Straits
Interactive, said, “Most, if not all current outsourced DPO services offer only
advisory or legal support. We decided to go one step further by offering the
whole suite of offerings and services to SMEs -- first by partnering with an
insurance company familiar with the needs of SMEs, as well as including our own
DPOinBOX software and e-learning to address the typical pain points in managing
PDPA compliance. Instead of hiring a full-time DPO, SMEs can opt for our
service for the equivalent of $1,100 per month and get up to $25,000 worth of
support in addition to Delta’s SME
Data & Privacy Protection Insurance product with a policy coverage
of up to S$250,000.”
Added Eugene Cheong, Managing
Director, Delta Insurance, “Besides cybersecurity, data protection is now a
focus for many organisations, given the importance of complying with the PDPA
and enforcements by the Personal Data Protection Commission of Singapore. We
are proud to be the insurance partner for the Data & Privacy Protection
Insurance provided in this innovative Data Protection-as-a-Service. It
complements our innovative business model, where we combined cyber risk mitigation
management together with our expertise in cyber insurance.”
For more information, please visit https://www.straitsinteractive.com/dpaas
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About Delta
Insurance
Delta Singapore is proud to be the
only locally operated specialist liability underwriting firm with local
ownership in Singapore. Delta Singapore is the first Financial Lines Lloyd’s
Coverholder in Asia specialising in Cyber, Technology and Professional Liability
insurance. With the support of Allied World Assurance Company (NYSE: AWH), we
provide comprehensive insurance coverage solutions with a range of liability
products. More information about the company can be found on www.deltainsurance.sg.
About Straits
Interactive
Straits Interactive delivers
end-to-end governance, risk and compliance solutions that enable trusted
business and responsible marketing, especially in the area of data privacy and
protection. Recently Data Protection Trustmark (DPTM) certified, we help
businesses achieve operational compliance and manage risks through a
combination of cloud technology and professional services. Our quest for
innovation has led to us being recognised and awarded Intercon’s Top 50 Tech
Companies (in recognition of the company’s contribution to technology) and APAC
Business Headlines’ Company of the Year, 2019. Our software-as-a-service
solutions include DPOinBOX and Governance, Risk & Compliance System (GRACIAs),
all of which are supported by professional services that include advisory
services, audits, and training. More information about the company can be found
on www.straitsinteractive.com
Media Contact
Delta Insurance
Mr Eugene Cheong
Managing Director
Mobile: +65 91146916
Email: eugene.cheong@deltainsurance.sg
Straits Interactive
Ms Angela Schooling
Marketing & Communications
Director
Mobile: + 65 98222625
Email: angela@straitsinteractive.com
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