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Most websites should have a privacy policy (although I don’t think it’s always the easiest thing to find). And then once you do find it, you’ll see a huge amount of what I consider to be legal mumbo jumbo. And because you really should care about this stuff, the question becomes how do you sort through all this stuff?
Most privacy policies usually begin with something around them collecting, using and sharing your personal information or data. For example, here’s how Google, Twitter and Apple’s privacy policies start out:
Here’s what you really need to understand about a website’s privacy policy as this can affect you
And why is this important? Those factors above can affect you if the site is not taking care of your personal information. It could lead to unwanted spam, identity theft and financial fraud depending on what type of information they have gathered from you and how they are using it or taking care of it.
You should also know that the sites should provide options for you to opt in or opt out of how they share your information. Another key thing is to find out how long the site keeps your information. Some sites keep it forever, while others delete it after a certain amount of time. For instance, you should know what happens to your data if you delete your account.
Yes this is something else for you to check. But in our digitally connected world, it’s something you just gotta do.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
14 August
Oleksandr Strozhemin Co-founder and CEO at Trinetix
13 August
Elaine Mullan Head of Marketing and Business Development at Corlytics
12 August
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
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