Data Privacy Risk

Data privacy risk refers to the potential for unauthorized access, use, or disclosure of personal information collected by organizations through technology. In the context of Technology Risk Management, it involves identifying vulnerabilities in systems that store or process sensitive data, and assessing the impact of data breaches on individuals and the organization. Effective risk management strategies aim to protect personal information by implementing strong security measures, ensuring compliance with regulations, and fostering a culture of privacy awareness. This helps safeguard against financial loss, reputational damage, and violations of individuals' privacy rights.