Data Privacy Definition
Data privacy, also known as information privacy, is a branch of data security focused on the proper handling of data, consent, notice, and regulatory obligations. It revolves around whether or how data is shared with third parties, and how data is legally collected or stored.
Data Privacy Key Points
- Data privacy ensures the protection of personal information shared online.
- It pertains to how data is collected, stored, managed, and shared.
- Data privacy is implemented with strict guidelines and laws.
- It is an increasingly major concern in transactions requiring personal data, like those in the crypto space.
- Data privacy tools include encryption, pseudonymous processing, and decentralization.
What is Data Privacy?
Data Privacy is a key concern in our growing digital universe, where vast amounts of data are being generated, processed and stored every moment. It is a framework of policies and practices that ensures personal information is not used or accessed without authorization.
Why is Data Privacy important?
Data Privacy is crucial because it helps individuals maintain control over their personal information. It ensures trust between parties in transactions and prevents unauthorized access, providing protection against identity theft and other cybercrimes.
How does Data Privacy work?
Data Privacy works by employing various tools and practices aimed at controlling what data is gathered, who has access to it, where it is stored, and how it is used. It includes cryptographic techniques for data at rest or in transit, enforced access controls, and use of privacy enhancing technologies.
Where is Data Privacy applicable?
Data Privacy is applicable in any industry or scenario where personal data is being collected, processed, and stored. This ranges from healthcare and financial sectors to social networks, e-commerce, and notably, the blockchain and cryptocurrency spaces.
Who oversees Data Privacy?
Data Privacy is overseen by regulatory bodies and privacy officers within companies and organizations. On a global level, different regions have distinct privacy laws governing data privacy, such as the GDPR in Europe and the CCPA in California, USA.
When is Data Privacy violated?
Data Privacy is violated when personal data is collected, used or disclosed without consent, or when data is accessed or handled in non-compliance with privacy laws. In the context of blockchain, which is pseudonymous, data privacy can be compromised if measures to de-anonymize data are implemented.
