A privacy policy is a statement or legal document (in privacy law) that discloses some or all of the ways a party gathers, uses, discloses, and manages a customer or client's data.[1] Personal information can be anything that can be used to identify an individual, not limited to the person's name, address, date of birth, marital status, contact information, ID issue, and expiry date, financial records, credit information, medical history, where one travels, and intentions to acquire goods and services.[2] In the case of a business, it is often a statement that declares a party's policy on how it collects, stores, and releases personal information it collects. It informs the client what specific information is collected, and whether it is kept confidential, shared with partners, or sold to other firms or enterprises.[3][4] Privacy policies typically represent a broader, more generalized treatment, as opposed to data use statements, which tend to be more detailed and specific.
The exact contents of a certain privacy policy will depend upon the applicable law and may need to address requirements across geographical boundaries and legal jurisdictions. Most countries have own legislation and guidelines of who is covered, what information can be collected, and what it can be used for. In general, data protection laws in Europe cover the private sector, as well as the public sector. Their privacy laws apply not only to government operations but also to private enterprises and commercial transactions.
^Costante, Elisa; Sun, Yuanhao; Petković, Milan; den,236 Hartog, Jerry (October 2012). "A machine learning solution to assess privacy policy completeness". Proceedings of the 2012 ACM workshop on Privacy in the electronic society. pp. 91–96. doi:10.1145/2381966.2381979. ISBN 9781450316637. S2CID 207198681.{{cite book}}: CS1 maint: numeric names: authors list (link)
^Gondhalekar, Vijay; Narayanaswamy, C.R.; Sundaram, Sridhar (2007), The Long-Term Risk Effects of the Gramm-Leach-Bliley Act (GLBA) on the Financial Services Industry, Advances in Financial Economics, vol. 12, Bingley: Emerald (MCB UP ), pp. 361–377, doi:10.1016/s1569-3732(07)12014-4, ISBN 978-0-7623-1373-0, retrieved 3 September 2021
^Web finance, Inc (2011). "Privacy Policy". Archived from the original on 22 August 2013. Retrieved 23 October 2011.
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