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A Privacy Statement should disclose:
- The kind of information the business collects from its customers, such as name, address, phone number, and credit card number;
- The kind of information the business uses to provide service to its customers as email address and password;
- How long the business retains the data of the customer;
- When and how the company shares customer data with third parties.
Certain businesses, such as those disclosing or selling information to third parties, are obligated to have it. If the company processes personal information, it might also need to create a privacy statement. Some businesses are compelled by law to provide privacy statements.
If the company's website has a privacy statement, the first thing to disclose is if they exchange information with third parties or process personal data on behalf of other firms. It will help the company´s clients comprehend their business practices and the consequences of utilizing the website.
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Page Updated Last on: Jul 29, 2022