The Importance of Privacy Principles in Business

Statistics Canada says that about 1 in every 10 business are impacted by a cyber security or privacy incident.  Worse, in a rapidly changing landscape Artificial Intelligence (AI) can now mimic voices and have human-like conversations, draft emails, write articles and books and  more – all in a few seconds;  think ChatGPT, for example.  At a minimum, these transformational changes require a solid understanding of how to meet the accountabilities of privacy and confidentiality.  Now you can earn 10 compliance credits from IIROC by completing a new cutting edge course from Knowledge Bureau: Privacy Principles in Business.

Clients must be able to trust that their personal data will be protected and not abused.  They also need to know that the companies who handle massive troves of personal data are accountable for protecting that data, to be transparent about how they use it and that they face very real consequences should they breach that trust. 

Knowledge of risks associated with holding and using the personal information and ways in which you can manage this is therefore very important. Additionally, hosting information in cloud-based environment exposes businesses to cyber risk. Your reputation and credibility will be diminished in the event of a breach of personal information, and you will likely suffer regulatory penalties.

This course will introduce you to your obligations towards management of personal information in your possession and help you identify and manage privacy risks. This includes identifying what is personal information and sensitive personal information, best practices in relation management of collection, use, storage, retention, and destruction of personal information so as to build credibility and reputation in your business. The course is designed to support the business owners with key tools to manage the privacy risks and implement the best practices with least disruptions.

This is also an important certificate to earn if you are seeking to have a career in Regulatory Compliance and Privacy.

Check Out the Course Content:  

• Chapter 1 | Introduction to Privacy
• Chapter 2 | Applications in Your Business
• Chapter 3 | Privacy Risk Management – Principle of Accountability
• Chapter 4 |Privacy Risk Management – Identifying Purpose
• Chapter 5 | Privacy Risk Management – Consent
• Chapter 6 | Privacy Risk Management – Limiting Collection
• Chapter 7 | Information Security Risk – Part I
• Chapter 8 |Information Security Risk – Part II
• Chapter 9 | Responsible Innovation (allowable use of data)
• Chapter 10 | Privacy in Artificial Intelligence

Be confident that you are operating your business within the regulations for privacy.

Enrol now!