Dow Jones Risk & Compliance vs. OneTrust Privacy Automation

It is particularly well-suited for financial institutions and other organizations in heavily regulated industries, such as banks and money service businesses that need to comply with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations, as well as organizations with a high volume of transactions. The product offers features such as watchlist screening, real-time monitoring, intelligence and research, automated workflows, reporting and visualization and easy integration with other systems. However, it may not be the best fit for smaller organizations with a lower risk profile or limited budget, or organizations with relatively simple compliance requirements

Incentivized

I strongly recommend it for general management of personal data privacy programs and risk and contract management, it complies with all major world legislation in addition to being easy and fast. Not recommended for data discovery still requires refinement.

Incentivized

• Reputable website scanner, which verify and screen the traffic.
• The data mapping from OneTrust is another merit, very articulate.
• OneTrust offers the required assessment automation, very outstanding.
• Finally, OneTrust has the breach scan, and incident response.

Incentivized

• There are irritating inconsistencies in the user interface between the various modules
• Reporting capabilities are limited
• The platform does not reveal its secrets easily. You will be rewarded if you can allocate a team member to specialize on the platform.

Incentivized

We have used a shared hosted tenant managed by OneTrust for over three years with only one instance of a lengthy (4+ hours) unexpected outage which happened years ago.

Incentivized

We selected a European hosting location based on our initial use case, however, our usage of the OneTrust platform has expanded globally to where the majority of users sit in the Americas or Asia-Pacific regions. There is a noticeable lag when navigating the platform for users located far away from the hosting location.

As a user, you can mitigate any sluggish response time by the aggressive use of multiple browser tabs. I commonly have one tab open on an Inventory detail screen, another tab on an Assessment window, and maybe another tab on a customized inventory list screen. If one tab is slow I hop to another tab and work on that tab while the first tab responds.

Incentivized

Both our customer rights access and cookie consent advisors were responsive and helpful in getting us trained on using the platform and the various assets implemented on our website. We had multiple training sessions that were more than enough in getting all of the users on our team familiar with what we needed to do.

Incentivized

An implementation specialist worked with us remotely during our initial deployment. Due to the diverse geographic locations of my organization's participants, the implementation and training had to be done remotely (this was before COVID-driven remote work).

The implementation specialist was knowledgeable and helpful but to really get full benefit from the platform I encourage organizations to dedicate a specialist within your company to really study and learn the platform.

Incentivized

First, when we compare OneTrust Privacy and Data Governance Cloud to the software I mentioned above, OneTrust Privacy and Data Governance Cloud software was way more affordable than the other 2. Also, along with the other 2 software, OnTrust was one of the most user friendly tool/software we've ever used.

Incentivized

The platform has exceptional capabilities to customize the user interface, reports, and recorded information. In most cases, the customization can be compartmentalized so that if the customization performed for Department A is determined to not impact Department B, the customization can be hidden from Department B.

We have four different departments using the IT Risk Management module. Three departments share their work in what we call the 'shared data risk management zone'. Another department is using IT Risk Management for a bespoke portfolio risk management task, and the customization for this department is largely hidden from the other departments.

Incentivized

• Populates metadata into a centralized and easily searchable data catalog.
• Ensures data regulatory requirements are understood.
• Orchestrates data governance activities.
• Monitors and flag violations across our data ecosystem.

Incentivized