Timofeev E.A.Financial University under Government of Russian Federation, Moscow, Russian Federation timofeev.e.a@inbox.ru ORCID id: not available
Subject The article discusses principles for setting the compliance control over personal data security. Objectives The study determines the role of compliance, specifies the term compliance of personal data protection and assesses the relevance of such compliance. Methods The study involves general scientific methods for analysis, comparison and generalization. Results We analyzed the significance of personal data protection. Every Russian company has to handle personal data as part of their business development. Therefore, as the personal data protection laws become more and more stringent, entities should take special efforts to prevent personal data leakage. Currently, compliance control has not yet been clearly defined, likewise there are still no firm list of compliance manager’s duties and the content of a compliance function. Conclusions and Relevance The successful performance of any company totally depends on the way its management handles personal data used for operations. The personal data abuse may bring dramatic consequences. The compliance with personal data compliance implies a set of actions which any company should continuously perform. It is important not only document such measures and practical methods in internal papers, but also put them in practice.
Keywords: compliance control, personal data, compliance risk, compliance function
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