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the proper handling of data – consent, notice, and regulatory obligations. More
specifically, practical data privacy concerns often revolve around:
Data is one of the most important assets a company has. With the rise of the
data economy, companies find enormous value in collecting, sharing and
using data. Companies such as Google, Facebook, and Amazon have all built
empires atop the data economy. Transparency in how businesses request
consent, abide by their privacy policies, and manage the data that they’ve
collected is vital to building trust and accountability with customers and
partners who expect privacy. Many companies have learned the importance of
privacy the hard way, through highly publicized privacy fails.
Second, privacy is the right of an individual to be free from uninvited
surveillance. To safely exist in one’s space and freely express one’s opinion
behind closed doors is critical to living in a democratic society.
“Privacy forms the basis of our freedom. You have to have moments of
reserve, reflection, intimacy, and solitude,” says Dr. Ann Cavoukian, former
Information & Privacy Commissioner of Ontario, Canada.
Dr. Cavoukian knows a thing or two about data privacy. She is best known for
her leadership in the development of Privacy by Design(PbD), and now it
serves as a cornerstone for the many data protection regulations including the
most recent one that became law, the EU General Data Protection
Regulation.
Data Security and data privacy are often used interchangeably, but there are
distinct differences:
Companies are now required to determine what data privacy acts and laws
affect their users. For instance, you must know where the data originated
(country and state), what personally identifiable information it might contain
and usage methodology.
Let’s take a closer look at how the most recent data privacy regulations impact
users and companies.