What is Privacy Policy?
A privacy policy is a statement or a legal document that states how a company or website collects, handles and processes data of its customers and visitors. It explicitly describes whether that information is kept confidential, or is shared with or sold to third parties.
Personal information about an individual may include the following:
Name
Address
Contact number
Age
Sex
Nationality
When you give it to us or give us permission to obtain it.
When you signup you give us certain information. This includes your name, email address, identification number, contact number and any other information you give us. You can also choose to shear with us ip address. If you buy somethings we collect payment information and details of what you bought.
Why need a privacy policy
A Privacy Policy is not only the legally required document to disclose your practices on protecting personal information, but it's also great way to show users that you can be trusted, and that you have procedures in place to handle their personal information with care.
There are several reasons for a website to post its privacy policy on its website.
Required by third party services
Apart from governing laws, some websites like Amazon, Apple and Google require website and app owners to post a Privacy Policy agreement if they use any of their services.
Many websites use in page advertising by third parties to generate revenue. As these ads also collect user data, third parties require the websites to ask their users permission for sharing their personal data.
Required by the law
For individuals to feel comfortable shearing their personal information on the internet, there should be some short of legal responsibility on businesses to protect that data and keep the users informed about the status information.
Countries around the world have realized the need to protect their citizens data and privacy. Businesses and websites that collect and/or process customer information are required to publish and abide by a privacy policy agreement.
Increases Transparency
Companies whose business models revolve around handling sensitive customer information find it incredibly important to establish trust with their users. A clear and comprehensive privacy policy agreement that tells users exactly what it dose with that information inspires confidence in a business. It gives users a sense of security knowing how much control they have over their personal data under the conditions they sign up for.
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