CLIENT CHOICE WINNER: RSM have been named the Best Accounting Firm at the Client Choice Awards for the last 7 years.
100+ YEARS IN AUSTRALIA: RSM started in 1922 as a husband-and-wife team selling bookkeeping systems.
LOCAL EXPERTS: We have 32+ offices around Australia and many more locations serviced remotely.

Effective data governance solutions to boost your security posture

Data is both a powerful asset and a potential liability for Australian organisations.

As breaches rise and regulations tighten, robust data governance is essential. Only by pairing data-driven strategies with strong safeguards can organisations unlock value and minimise risk.

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   Learn how RSM can help you with your privacy and data protection needs. 

Explore the tabs below to see how we can help your business achieve your goals.

Data security

Data privacy and security go beyond having a privacy policy in place. We will help you develop and implement a robust data governance framework to establish internal processes that protect any personal and sensitive information you collect, ensuring compliance with privacy and data protection laws and regulations. 

Additionally, we will develop a roadmap to enhance your privacy maturity over time.

  • - Implement access controls
  • - Ensure data security
  • - Improve trust
     

Data audit and discovery

RSM can help you understand what data you possess, where it resides, how it flows through systems and applications, why it is collected, who has access to it, and how the data is disposed of. 

  • - Map unstructured data
    - Create a data catalogue
  • - Understand data risks
     

Data strategy

A clear data strategy establishes your goals for your data, ensures that the data you collect is relevant to your business needs and that access to it complies with relevant privacy laws and regulations. 

  • - Break down data silos
  • - Clarify data ownership
  • - Address data handling risks
     

Data management

Effective data management is built on the understanding that information is an asset. We help organisations understand and improve the ways in which they collect, store, secure, use, share, archive, and destroy data throughout the entire data lifecycle. 

  • - Ensure trustworthy data quality and address inaccuracies
  • - Classify and categorise sensitive information
  • - Data storage and organisation
     

Consumer data rights

Australia’s Consumer Data Right (CDR) is opening new doors for banking and energy businesses to offer smarter, more personalised services or quotes, based on real data. 

RSM Australia provides CDR information security accreditation support and is the leading CDR auditor, serving over 60% of FinTech Accredited Data Recipients (ADRs). We also help organisations access CDR data through sponsor, affiliate, and representative agent models.
  

 

KEY CONTACTS

National Head of Cyber Security and Privacy Risk Services

Why choose RSM?

Expertise

Our team is made up of seasoned experts who know the ins and outs of the latest cyber threats and compliance requirements.

Tailored solutions

At RSM, we don’t believe in one-size-fits-all solutions. Every organisation deserves to work with someone who will take the time to understand their operating environment, data needs, and existing processes, and use that information to develop bespoke data protection solutions that meet their needs.

Comprehensive services

From privacy assessments and risk management to ongoing monitoring and incident response, RSM offers a full spectrum of services to keep your business secure.

Client Stories

FAQ's

Our data governance services support various businesses, including those in finance, healthcare, retail, and manufacturing. Understanding that each industry has unique challenges, we tailor our solutions accordingly. This approach ensures your business adheres to regulations, maintains high data quality, and enhances decision-making. Regardless of your field, we are dedicated to assisting you in achieving your objectives.

We consistently adhere to Australian data regulations by frequently monitoring our work and closely overseeing our systems. Our team undergoes regular training to ensure we remain updated with new legislation, allowing us to adjust our plans and policies as necessary. This approach helps us comply with local laws and standards effectively.

We recognise that navigating foreign data protection regulations can be complex. Our team keeps abreast of international standards and emerging laws, including those from jurisdictions such as the EU, UK, and US. 

We provide tailored strategies to help your organisation comply with these regulations while considering the unique aspects of your operations. By harmonising local and foreign requirements, we ensure that your organisation is well-equipped to manage cross-border data flows without compromising compliance or data integrity. Whether it’s GDPR in Europe or CCPA in California, we’ve got you covered.

  • Initial consultation and needs assessment - A privacy gap assessment identifies non-compliance areas by evaluating your practices against legal requirements. It highlights your compliance efforts and outlines key outcomes for managing privacy risks.
  • Customised roadmap  - A tailored roadmap lays out the steps needed for effective data stewardship. It will align your organisation's goals with each business unit's needs, ensuring data quality at every stage. By designating data owners and establishing clear data policies, emphasising data classification and access management, teams learn to manage sensitive information responsibly.
  • Solution implementation and training- We also ensure your data governance policies are effectively implemented. Our governance team collaborates with your data stewards and stakeholders to tailor the plan to your data architecture and goals. We provide training for your teams to enhance their data management skills, fostering a strong culture of stewardship. This approach positions data as a strategic asset for the future.
  • Ongoing monitoring and optimisation -With effective management and monitoring, your data assets can be used strategically to achieve your organisation's goals while preventing unauthorised access to sensitive information.

The result: Improved security and risk mitigation
A robust data governance framework enhances security and reduces risks associated with sensitive data. By implementing strong policies and access controls, your team can effectively manage personal data while ensuring compliance with privacy regulations. Data stewards play a crucial role in maintaining data integrity and overseeing governance processes. This proactive approach safeguards against unauthorised access and breaches, fostering customer trust through transparent data handling practices.

Data governance and data management are often used interchangeably, but they represent distinct concepts that are each essential for organisational success. 

  • Data governance - Focuses on the overarching framework that defines who can access the data, how it is used, and the policies that govern its lifecycle. It encompasses the standards, policies, and procedures that ensure that data is accurate, available, and secure.
  • Data management - Is more operational in nature, dealing with the specifics of data handling, including storage, retrieval, and analysis. While governance sets the direction and policies for data, management is responsible for the execution and implementation of these policies on a day-to-day basis. 

Robust data governance provides a solid foundation for effective data management, ensuring that both comply with regulatory requirements and organisational standards. By aligning these functions, you can enhance data quality, reduce risks, and unlock greater value from your data assets.
 

Security incident response plan for a data breach

Do you know what to do if you experience a data breach? 

Under Australian law, organisations may have as little as 72 hours to report a data breach once it has been identified. 

RSM can help you develop or update a security incident response plan to prepare you to meet these requirements and respond appropriately should the worst occur. 

Speak to an RSM adviser to get started >>

Third-party data breaches are a risk to Australian business.

 

42% experienced a third-party data breach in the last 12 months

32$ of all businesses have had a third-party data breach in the last 12 months.

23% of these experienced a financial, reputational or operational impact as a result of a third-party data breach. 

Explore our comprehensive cyber security solutions

RSM offers tailored cyber security solutions that will help you address current risks and anticipate emerging threats.

Data governance challenges facing Australian organisations

Data might be the new oil, but many Australian organisations have been more concerned with collecting data than securing it.

To address these challenges, you need a robust governance program integrated throughout your organisation.

Complex data environments - Businesses today face an overwhelming influx of data from sources like IoT devices and online platforms, leading to integration challenges and data silos. Effective data governance dismantles these silos, enabling seamless data flow. Unifying your data tools under one framework is essential for managing data effectively and providing a consistent experience for users. 

Regulatory compliance and privacy laws - Too few Australian organisations meet privacy and data regulatory requirements. The EU's General Data Protection Regulation (GDPR) sets high global standards for handling sensitive data, which Australian firms must follow alongside local regulations. Penalties for failing to properly safeguard data can be steep. By prioritising data privacy in governance strategies, you reduce the risk of compliance issues. 

Risks associated with poor data management - The rapid increase in data collection has corresponded to an increase in compliance issues. High-profile data breaches continue to erode consumer trust, resulting in diminished brand reputations and substantial financial penalties. 

A secure digital environment is just one way we can help uplift your tools and technology. RSM can support you on every step of your digital transformation journey.