Privacy risk management in the information economy

Consumer concerns about the security of personal information makes privacy risk management a critical aspect of business practice today.

The growth of electronic business has brought forth increasing concerns about protecting the vast amounts of personal information collected and used in the transactions that drive business today. Consumers are concerned about how their information will be used, how it is protected, what process is in place that will allow them to correct erroneous information, who this information will be shared with, and who will have access to this information.

Privacy rights are considered to be, by definition, personal. Personal data are recorded information relating to an identifiable individual, which are organized such that they can be processed or retrieved. Such information includes, but is not limited to, a person's name, telephone number, address,...

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