Data Privacy Program and Principles
In the modern digital era, data privacy has become a fundamental concern for organizations worldwide. As companies collect, store, and process vast amounts of personal data, safeguarding this information against unauthorized access and misuse is crucial. Unauthorized access and misuse of personal data can lead to identity theft, financial loss, and damage to an organization’s reputation, while also resulting in legal penalties for non-compliance with data protection laws.
Private data, or personal data, is any information that can identify a person either directly or indirectly. Examples of personal data can be names, addresses, email addresses, national identities such as social security numbers, and financial information that can be traced to individuals.
A robust data privacy program not only helps in complying with various regulations but also builds trust with customers and stakeholders. It ensures that personal data is handled...