By Purple Fox Legal
July 6, 2022
In today’s digital environment, privacy is more important than ever before. This is especially true for small business owners who collect new information every single day. But, with so much available, it can be hard to know how to handle all this data in a way that respects the privacy of everyone involved.
In this article, we discuss data privacy and the steps small businesses can take to prioritize it. Then, we’ll share some information all small business owners should know about data protection and ways they can implement it into their business practices starting today.
Also known as information privacy, data privacy and protection refers to the practice of handling sensitive and personal data appropriately. It defines a relationship between an entity that collects data and the individual who expects it to remain private.
For the most part, data privacy applies to personally identifiable information or personal health information. It can include data like:
It can be difficult for small business owners to know how to get started with securing data and keeping it private. Thankfully, the Federal Trade Commission contains an entire section dedicated to data protection and security to help you begin prioritizing it. Before reading about everything from mobile apps to securing business Internet of Things, here are two ways you can begin prioritizing data privacy today.
Before you can ever begin protecting the data that your customers share, it’s important to secure any data your business already possesses. With the right methods in place, you can guarantee that any data you collect in the future will be handled the right way. Some actionable steps for securing your business data are to:
When was the last time you stopped to assess your business’ data collection and processing practices? Do you know the risks that you’re creating by simply conducting everyday business procedures? If not, it’s time to conduct a data protection impact assessment (DPIA). The DPIA is important for investigating, addressing, and mitigating potential data security risks that take place in your small business. And, one should be conducted before each and every project that collects consumer data.
The goal of conducting a DPIA is to strengthen your business practices and identify areas that could be improved upon. And, when conducted early, this can help you put your business on the right road from the beginning. According to the GDPR, it’s important for a DPIA to include:
How seriously does your small business take data privacy? Your customers and employees care about the subject so much more than you might imagine. In fact, some important things all small business owners should know about data privacy are that:
Maintaining data privacy is a critical component of operating a lawful, successful small business. However, navigating this branch of business operations can be overwhelming.
Consulting with a business attorney can help set your startup off on the right foot and guarantee your data (and your customers’ data) remains protected and secure. Purple Fox Legal can help. Contact us today to learn more.