Privacy laws limit the extent to which businesses can collect,use,or disclose personal information about their customers.Which of the following strategies should be adopted by a company to minimize the risks and costs associated with privacy compliance?
A) A company should appoint one person to be responsible for privacy issues so that it can completely avoid the cost of training other employees about privacy compliance.
B) When a company only collects necessary personal information,it can use that information however it wants.
C) A company should encrypt personal information whenever possible,even if there is a small financial cost to do so.
D) If the company is located in the Yukon,it is not subject to privacy legislation so should develop its privacy policy in a way that best suits its needs.
E) A company should include the maximum expected cost of privacy law claims into its calculation price of goods or services and not bother to comply with the privacy laws.
Correct Answer:
Verified
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