Privacy policies. Every company seems to have one, everyone knows about them, but few people actually ever read them. So, why does every company have them on their website? Do businesses need to have them, even if they think most web users won’t pay any attention to them? In this article, we explore the nature of the beast that is Privacy Policies, explain why your business needs one, and how you can encourage people to actually read it. At the end of the article, you'll find a Privacy Notice template that you can tailor to your business with the help of a lawyer or privacy professional.
Why you need it
- Who are the third-party providers, partners and other recipients of the collected data, as well as the implied transfers of the data to third countries?
- Retention periods — how long are you going to store the data and why are you going to store the data for any given period of time?
- Data rights — what rights do individuals have under the applicable privacy laws? The most notable examples under GDPR are the rights to access, amend, and delete data. The list also includes the right to complain to the competent and relevant government body about the company mishandling your data;
- Contact details of the company and its privacy representative.
This is not a complete or absolute list for any given company; instead, an exact list of details for the Privacy Policies are to be found in the data protection laws that apply to each unique company, such as GDPR or other national data protection acts.
An ideal Privacy Notice will include a mix of abstract and case-specific information. It should also explain general rules of data collection, and elaborate on the rules in the examples. To make it easier for the reader, you can split the details into several use-cases, such as public profile creation, ordering goods online, and payments.
Remember why privacy policies exist
Privacy Notice template
Disclaimer: the information in this article is provided for informational purposes only. You should not construe any such information as legal, tax, investment, trading, financial, or other advice