Privacy governance is a term that is often heard but not fully understood by most people. In essence, privacy governance refers to the set of laws, regulations, and organizational policies in place to protect the privacy of individuals. It is a complex and ever-evolving area, and businesses need to stay up-to-date on the latest developments to ensure that they comply with the law and protect their customers’ data. This article will discuss three key points about privacy governance: what it is, why it matters, and how businesses can stay compliant.
What It Is
As we mentioned, privacy governance refers to the set of laws, regulations, and organizational policies that are in place to protect the privacy of individuals. This includes data protection laws dictating how businesses collect, use, and store personal data. It also includes things like GDPR, a set of regulations governing how companies must handle the personal data of individuals in the European Union. Finally, it also includes organizational policies that businesses put in place to ensure they handle customer data responsibly.
Why It Matters
Privacy governance matters because it protects the privacy of individuals. When businesses collect and store personal data without following the proper guidelines, it can lead to severe consequences for both the business and the individual. For example, if a business doesn’t properly secure the personal data of its customers, it could be hacked, and that information could be used to steal the customer’s identity.
What You Need to Do
If you’re responsible for privacy governance at your organization, you need to ensure that you know all the applicable laws and regulations. You also need to create policies to ensure your organization handles personal data responsibly. Finally, you must train your employees to comply with these policies.
Creating a privacy governance plan can seem daunting, but it’s important to remember that resources are available to help you.