Protecting customer personal data: privacy principles in finance

FintechBy: Parsa Aghabarari2 min readSource: Civilica
Protecting customer personal data: privacy principles in finance

1Introduction

Financial systems hold identities, addresses, spending and income; leaks harm customers and reputation.

2Discussion

Principles: data minimisation, purpose limitation, retention limits, transparency and security.

Privacy by design: encrypt sensitive data, anonymise or pseudonymise for analytics and testing, need-to-know access and access logging.

3Conclusion

Data-protection rules are spreading worldwide and are under legislative review in Iran; early adopters will be ready.

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Sources

  1. Civilica ↗
  2. Ensani ↗
همفکران فناوری شریفThis article summarises the official sources cited, prepared by the Hamfekran Fanavari Sharif team for finance leaders.
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