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Privacy Impact Assessment

Summary

A process that assists organizations in evaluating how personal data is collected, used, shared, and retained, with a focus on minimizing privacy risks.

Detailed Description

Privacy Impact Assessments (PIAs) are tools used to assess how a project or initiative will affect the privacy of individuals by evaluating the collection, use, and disclosure of personal information. The process often involves identifying potential privacy risks, examining the necessity and proportionality of the data collected, and implementing measures to mitigate identified risks. Organizations are required to conduct a PIA especially when developing new projects or systems that could impact personal privacy, ensuring compliance with applicable legal and regulatory requirements.

Category
Data Privacy
Synonyms
PIA
Data Privacy Assessment
Information Protection Assessment
Privacy Risk Assessment

Impact Details

3 impact insights hidden

Yirifi's stakeholder, regulatory-compliance, and risk-impact analysis for this term.

New Product Development

Before launching a new app that collects user data, a PIA is conducted to ensure privacy risks are adequately addressed.

Industries:

Technology
Healthcare

Platforms:

Web
Mobile
Regulatory Compliance

Financial institutions conduct PIAs to comply with laws that require protecting customer financial data.

Industries:

Finance
Banking

Platforms:

Banking Platforms
E-commerce
New Product Development

Before launching a new app that collects user data, a PIA is conducted to ensure privacy risks are adequately addressed.

Industries:

Technology
Healthcare
Retail

Platforms:

Web
Mobile
Regulatory Compliance

Financial institutions conduct PIAs to comply with laws that require protecting customer financial data.

Industries:

Finance
Banking
Insurance

Platforms:

Banking Platforms
E-commerce
Mergers and Acquisitions

During due diligence, organizations assess potential privacy risks associated with acquiring a company.

Industries:

Finance
Technology

Platforms:

Corporate Platforms

Top Metrics

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FAQs

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