Financial enterprises and service providers, such as banks, credit card companies, insurers, pension funds, trust offices, financial and tax consultants, collect and use a lot of personal data.
What is the importance of privacy? What exactly are personal data? What exactly is ‘processing’? And what legislation is in place to protect privacy and personal data?
People have a number of rights if organisations use their personal data. These can be found in the General Data Protection Regulation (GDPR). We call these rights ‘privacy rights’.