ISO 27701: Privacy Information Management Auditing for Payment Platforms

Course Objectives:

• Understand the key principles and requirements of ISO 27701 and its integration with other ISO standards (ISO 27001, ISO 27002).
• Learn how to audit privacy information management systems within payment platforms.
• Gain knowledge of the best practices for privacy risk management and how to assess privacy compliance in payment platforms.
• Develop the ability to conduct effective privacy audits and provide recommendations for improvement.

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Introduction to ISO 27701 and Privacy Management Systems

Key Concepts:

• Overview of ISO 27701 and its role in privacy management.
• Integration of ISO 27701 with ISO 27001 (Information Security Management System) and ISO 27002 (Information Security Controls).
• Importance of privacy management within payment platforms.
• Privacy as a part of data protection regulations (e.g., GDPR, CCPA).

Content:

• Introduction to privacy and its importance in the digital age.
• Scope of ISO 27701 and its applicability to payment platforms.
• Key terms and definitions (e.g., personal data, processing, data subject).
• Privacy management principles and the structure of an information security management system (ISMS).
• Requirements for setting up a Privacy Information Management System (PIMS).

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 Auditing the Privacy Information Management System

Key Concepts:

• Audit process overview for privacy systems.
• The role of auditors in ensuring compliance with privacy regulations.
• Risk management in privacy audits.

Content:

• Audit planning and scope definition for privacy audits.
• Conducting a gap analysis: Comparing existing practices against ISO 27701 requirements.
• Risk assessment methodology: Identifying privacy risks in payment platforms.
• Auditing privacy controls and processes (e.g., data retention, user consent management).
• Preparing for privacy audits: Documentation, roles, and responsibilities.

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Privacy Controls and Compliance in Payment Platforms

Key Concepts:

• Privacy controls specific to payment platforms.
• Assessing compliance with international privacy laws and standards.
• Privacy impact assessments and their role in audits.

Content:

• Privacy-related controls in payment processing (e.g., encryption, access control).
• Best practices for data subject rights management (e.g., data access, correction, deletion).
• Understanding the impact of international privacy laws on payment platforms (GDPR, CCPA, etc.).
• Performing privacy impact assessments (PIA) and data protection impact assessments (DPIA).
• Case studies on compliance challenges in the payment industry.

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 Reporting, Recommendations, and Continuous Improvement

Key Concepts:

• Reporting audit findings and providing recommendations.
• Continuous improvement in privacy management systems.
• Monitoring and reviewing privacy controls for ongoing compliance.

Content:

• How to draft a privacy audit report: Structure and key components.
• Providing actionable recommendations for improving privacy controls in payment platforms.
• The role of management review and corrective actions.
• Continuous monitoring: Audits as part of the organization’s ongoing compliance efforts.
• Case study: Implementing audit recommendations for enhanced privacy management.

DATE:
1ST BATCH: 3rd – 6th Feb,2026
2ND BATCH: 26th – 29th May,2026

3RD BATCH: 22nd – 25th Sept,2026