Theme: 10 Leading Compliance Companies of 2024

Person to be Quoted: Matthew Joseph, President and Managing Director

VeraSafe is transforming privacy compliance into a strategic advantage for its clients. The company has rich experience in privacy and data protection regulations, digital law, cybersecurity, and the evolving landscape of AI governance.

VeraSafe, with its client-centric methodology, has an innovative, risk-based approach to solving complex compliance challenges. The company’s mission is to offer the world’s best privacy and data protection advice with a human touch.

Speaking about the trends expected to impact Compliance in 2025, VeraSafe‘s President and Managing Director, Matthew Joseph, says, “Key trends impacting compliance this year include the rising importance of AI governance, the expansion of domestic and global privacy regulations, and the close-knit relationship between privacy and cybersecurity. VeraSafe is well-positioned to leverage these trends, having stayed abreast of evolving regulations for years and already offering robust cybersecurity services. By launching a new suite of AI governance solutions, the VeraSafe team is ready to help clients navigate this new and complex regulatory environment.”

Company decision-makers are increasingly concerned with balancing compliance goals with commercial and operational realities. In particular, the difficulty of complying with multiple, overlapping privacy regulations across jurisdictions.

They also face challenges related to the rapid evolution of technology, particularly AI, and its implications for data privacy. VeraSafe, which regularly works with large and complex organizations across a myriad of industries, is uniquely positioned to address these challenges. By providing effective guidance on navigating regulatory challenges and leveraging its risk-based approach, VeraSafe offers comprehensive compliance solutions tailored to the specific needs of its clients. Additionally, VeraSafe stays ahead of emerging trends, such as AI governance and data ethics, to provide forward-thinking advice that helps clients stay compliant and competitive in an ever-changing regulatory environment.

Elaborating on the statement —‘Taking privacy compliance from advice to action’ —Joseph explains that it reflects VeraSafe’s commitment to providing not only quality legal advice but also ensuring that this advice is effectively operationalized.

VeraSafe’s solutions are tailored to meet the unique needs of each client, offering clear, actionable steps that translate legal requirements into practical business processes. This approach is supported by VeraSafe’s highly credentialed team of privacy professionals, including U.S. and EU attorneys, who provide a deep knowledge of privacy regulations and a nuanced understanding of industry-specific challenges.

This results in a strong alignment between regulatory requirements and business objectives, ensuring that clients can move from legal advice to action with ease.

Citing a recent case study, Joseph says, “A leading U.S. tech platform that provides product information management services to Fortune 500 companies needed to adapt its privacy program to comply with emerging data protection regulations. VeraSafe transitioned from an occasional consultant to a comprehensive privacy partner, overseeing all aspects of the program. This included policy drafting, managing data subject rights requests, vendor management, breach response protocols, AI governance consulting, and ensuring compliance with the GDPR and other privacy and data protection regulations around the world.”

Through this partnership, the organization successfully enhanced its global privacy posture, maintaining high compliance standards across a complex network of vendors and sub-processors.

Yes, there are numerous companies in the market that are vying for the top position. However, VeraSafe sets itself apart by offering a unique combination of services that blend the strengths of both a traditional law firm and a consulting firm.

“We provide high-quality legal advice, ensuring that clients understand the full scope of their regulatory obligations, and we go a step further by helping them operationalize that advice, turning legal requirements into actionable business practices. This dual capability is scalable and adaptable, allowing us to meet the needs of businesses across various industries,” says Joseph.

Additionally, the fully remote, global operations model enables the company to attract top talent from around the world and provide flexible, responsive services to clients wherever they are based.

This global reach, coupled with its client-centric methodology and proactive approach to staying at the forefront of privacy regulations, positions VeraSafe as a trusted partner capable of navigating the most complex compliance challenges.

The future is bright for the company, as it is focused on expanding its service offerings in response to emerging global privacy regulations and the increasing demand for AI governance solutions. In addition, the company is exploring opportunities to strengthen its presence in strategic sectors and further develop its role as a representative under EU regulations.

VeraSafe takes a holistic approach to compliance that goes beyond mere legal advice. It actively helps clients integrate privacy and data protection into their business strategies. This ensures compliance efforts support broader organizational goals such as improving brand reputation, building customer trust, facilitating global expansion, and improving operational efficiency, among other goals.

“Additionally, VeraSafe’s Research and Service Development Department ensures that we continuously stay ahead of new and evolving regulations. By maintaining an up-to-date knowledge library, developing compliance templates, and creating project plans, this department plays a key role in increasing the efficiency of our project teams and enhancing the overall client experience,” says Joseph.