Apart from legal penalties, what “bottom line” effects is an organization likely to face if it does not adhere to general privacy principles?
Privacy protections are good business practice. Implementing them well will protect and increase the organization’s “bottom line”. Failure to implement them carries the serious risks of negative media coverage as well as negative customer relations, public relations, investor relations, funder relations (in the case of not-for profit organizations) and human resources effects. Information management, and in particular, the implementation of policies and procedures for the management and protection of personal information, is also a “best practices” and a corporate governance issue.
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