What are the key component of an organisational privacy and data collection usage policy and why it is important
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Answer:
In recent years, high-profile stories have thrust the issue of data privacy and data security into the public eye. Unfortunately, efforts to pass consistent laws governing consumer privacy and data security are lagging far behind where they should be. Not only are laws and regulations slow to be implemented, they can be very confusing. Varying from state to state, the lack of uncertainty around existing laws should not stop companies from doing all they can to protect themselves and their customers from the misuse of information, data leaks and breaches. In order to better understand and apply the state and federal laws that apply, companies must understand the difference between data privacy and data security. Although commonly used as synonyms, the terms data privacy and data security aren’t quite as interchangeable as one might think – they actually share more of a complementary relationship. Before making the connection between data privacy and data security, let’s take a look at how these two terms are defined: