Since the entry into force of the GDPR in May 2018, many businesses have been working towards implementing data protection policy documents in their organizations, both internally and in public-facing terms.
The perception of businesses is that if they do not comply with the various legislative requirements (GDPR, CPPA/CPRA, PIPDEA, LGPD, or else), they may face significant fines and increased enforcement. The element that serves most businesses (certainly SMB ones) is the element of fear and apprehension - The desire of a business to avoid. The fear and the desire to act for prevention are elements that do not serve the advantages of the data protection regulations and the inherent potential for businesses to implement privacy in their businesses and products.
Article 25 of the GDPR defines privacy compliance as Privacy by Design: "Taking into account the state of the art, the cost of implementation and the nature, scope, context and purposes of processing as well as the risks of varying likelihood and severity for rights and freedoms of natural persons posed by the processing."
Privacy by Design means that businesses have an advantage in implementing privacy, which can increase the product's reliability, the trustworthiness of your clients, and future business reputation. That is, in the legal requirement, there is a real opportunity to give additional business value.
The privacy policy document, therefore, is an essential public-facing tool for our business to present credibility, the methods we use, the measures we take, and with whom we may disclose the data. It is crucial to invest in the visibility of our privacy policy so that it is not only legally binding but will also allow us to increase the value of our product and the trust of our customers.
How will we create a privacy policy document that can provide added value to our product:
A good privacy policy document should be formulated in clear and plain form (eye-level).
The document should be structured in a way that is easy to read and navigate.
Invest in the elements that differentiate your business from other businesses: for example, which categories of data you collect and who are your business vendors with whom you may disclose data.
Take automatic means you may use seriously, such as cookies, that you use. Build a cookie policy document that will allow your business' customers full transparency (at the very least, refer to the use of cookies in the privacy policy document).
Granular Privacy Policy - Draft the policy document to give proper protection to your customers in different jurisdictions (do not just refer to the privacy policy according to the GDPR).
Place a link to the privacy policy in a visible area and near the UI collection points.
You can easily schedule a video call or write Privacy Labs if you wish to consult.
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