Data Privacy - Policy Implementation

Data Privacy - Policy Implementation

Fauzia Khan

  July 2022
  by Fauzia Khan

  Fauzia Khan - email Fauzia Khan - LinkedIn Profile

Fauzia Khan

July 2022
  by Fauzia Khan

Fauzia Khan - email Fauzia Khan- LinkedIn Profile

With digitization and technological development at their peak, privacy-related challenges for companies are also on a rise. The information processed by companies about their data subjects can generate a prolific amount of personal information. This creates an urgent need to devise a structured policy that encapsulates disclosures pertaining to practices adopted by the Company on the collection, storage, and use of personal data of users.

Importance of Privacy Policy

Having a privacy policy in place is essential for the following reasons –

  • Transparency & Accountability: To provide a sense of safety and security to the users by being clear, concise, and providing desired information to the users in an easily accessible manner
  • Legal Mandate: In alignment with leading global regulations on data protection, GDPR (General Data Protection Regulation) and CCPA (California Consumer Privacy Act of 2018)
  • Protection from Potential Risks & Penalties: It safeguards the Company from the possibility of being sued by an aggrieved user. Also, a defined structure can help avoid potential penalties
  • Third-Party Obligations: Many third-party applications require the app developers to have privacy policies linked to their apps. Failure to do so can lead to suspension or even termination of the app

Is it Mandatory to have a privacy policy?

Yes! A privacy policy is a legal document that is developed to protect the personal information of users. A dedicated policy document helps demonstrate the Company’s commitment to safeguarding the personal information of its users and includes details on how the user information is processed.

How can we help?

  • Existing policy review
  • Assisting with devising dedicated policies - privacy policy, cookies policy, ToU (Terms of Use)
  • Recommendations to enhance privacy solutions

Disclaimer: The above content is for general guidance and no information as given herein by CMI should be construed as advice or recommendation or solicitation, nor should it be considered as legal, regulatory, credit, tax, or accounting advice. CMI undertakes responsibility only when an engagement with the Client has been formalized between the parties involved under the terms agreed thereby.