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This document outlines the Consumer Financial Protection Bureau's procedures for collecting and managing personally identifiable information (PII) in compliance with the Freedom of Information Act
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How to fill out privacy impact assessment
How to fill out Privacy Impact Assessment
01
Identify the purpose of the data collection and list the types of personal data being processed.
02
Evaluate the necessity and proportionality of the data processing relative to its purpose.
03
Determine the risks to individuals’ privacy and the potential impact of these risks.
04
Identify measures that will be taken to mitigate identified risks.
05
Document all findings and recommendations.
06
Engage stakeholders to review and get feedback on the assessment.
07
Finalize the Privacy Impact Assessment and keep it updated as necessary.
Who needs Privacy Impact Assessment?
01
Organizations collecting personal data from individuals.
02
Businesses launching new projects involving personal data.
03
Public sector organizations processing sensitive data.
04
Any organization required by law or regulation to conduct a Privacy Impact Assessment.
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What is Privacy Impact Assessment?
A Privacy Impact Assessment (PIA) is a process used to evaluate the effects that a project or system may have on the privacy of individuals. It assesses how personally identifiable information (PII) is collected, stored, protected, and shared.
Who is required to file Privacy Impact Assessment?
Organizations that handle personal data, especially governmental bodies, private companies, and non-profits that process personal information as part of their operations, are often required to file a PIA, particularly under regulations like GDPR or local data protection laws.
How to fill out Privacy Impact Assessment?
To fill out a PIA, one should identify the project, describe the personal data being collected, assess the risks to privacy, outline measures taken to mitigate these risks, and ensure compliance with relevant privacy laws.
What is the purpose of Privacy Impact Assessment?
The purpose of a PIA is to ensure that privacy risks are identified and addressed early in a project’s development, to help minimize potential harms to individuals and comply with legal requirements related to privacy.
What information must be reported on Privacy Impact Assessment?
A PIA must report details such as the nature of the data collected, how it will be used, data retention policies, third-party data sharing, risk assessment findings, and privacy protection measures implemented.
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