In short, it is a declaration or legal document that specifies how a party collects, uses, discloses, and handles any customer, client, or employee information (data) obtained throughout its online activities.
It is mandatory under many privacy laws. Therefore, It should indicate any personally identifiable information obtained, such as; name, address, and credit card number, as well as order history, browsing patterns, uploads, and downloads. Likewise, the policy should also specify whether or not the user’s computer stores data, such as cookies.
Best practices dictate that the policy states the sharing or selling of data to other parties. As a result, the policy must include the reasons for processing the data as well as the user’s rights in regards to their data, granted under whichever law applies to you.
Caution: the sample above is just an example and the legal text is customized to specific data processes and laws. Remember that privacy policies are legal documents and it is mandatory that they contain truthful information or you could be putting yourself at risk.
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