What is Data Privacy?
Data Privacy refers to the proper handling of data, which means how an organization or user determines whether or what data is to be shared with third parties. Data privacy is important as it keeps some data secret from others/third parties. So we can say data privacy is all about authorized access. It is also called data privacy.
For example: In a Bank, A lot of customers have their accounts for monetary transactions. So the bank needs to keep customers data private so that customers identity stays safe and protected as much as possible by minimizing any external risks and also it helps in maintaining the reputation standard of banks.
Difference between Data Privacy and Data Protection
The terms Data privacy and Data security are used interchangeably and seem to be the same. But actually, they are not the same. In reality, they can have different meanings depending upon their actual process and use. But they are very closely interconnected and one complements the other during the entire process. So, let’s know how Data Privacy differs from Data Protection.