Final assignment finance | Business & Finance homework help
The challenge with the concept selected is that of data privacy and security. The implementation of this concept involves ensuring that all collected information is secure, and not accessible by unauthorized individuals or organizations that may use it for malicious purposes.
This can be done by utilizing advanced encryption technologies to ensure data integrity, as well as instituting policies such a ‘right to be forgotten’ or pseudonymization in order to protect user anonymity . Additionally the organization must also adhere local standards/regulations set forth by governing bodies (such GDPR) when collecting client information – further helping mitigate potential issues arising from misuse personal data which could result serious implications down road.
Ultimately these efforts contribute greater transparency into system since customers now feel safe knowing their details remain encrypted/private therefore increasing trust levels between both parties involved leading more effective business practices overall.
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