What does "privacy compliance" involve in regulatory measures?
Privacy compliance involves adhering to legal and regulatory standards designed to protect individual data rights. It requires organizations to implement policies and practices that ensure the collection, storage, and use of personal information comply with applicable laws such as the GDPR or CCPA. Key elements include obtaining informed consent from individuals, providing transparency about data usage, and allowing users to access and control their information. Organizations must also conduct regular audits and assessments to ensure ongoing compliance and address potential risks. Failure to comply can lead to severe penalties and damage to reputation, emphasizing its importance in today's data-centric world.