Data is the new gold and a resource worth billions of dollars in the twenty-first century. Data is valuable in the dark web marketplace and legitimate business, where one organization produces user profiles for partners or competitors for more extensive business arrangements. For example, WhatsApp gives Facebook and other companies access to user information. As data volumes grow and become more valuable, so grows the need for data protection and privacy.

What is data privacy?

Data privacy, also known as “Data Protection” or “Information Privacy,” refers to the prudent management of information throughout its lifecycle, beginning with data production and ending with data deletion, depending on its relative significance. Data Privacy is a branch of the same that is primarily concerned with data processing and handling. In contrast, Data Security or Data Protection is a more critical word outlining how data can be safeguarded and preventing illegal access to the data.