Summary
Privacy law is the body of law that deals with the regulating, storing, and using of personally identifiable information, personal healthcare information, and financial information of individuals, which can be collected by governments, public or private organisations, or other individuals. It also applies in the commercial sector to things like trade secrets and the liability that directors, officers, and employees have when handing sensitive information. Privacy laws are considered within the context of an individual's privacy rights or within reasonable expectation of privacy. The Universal Declaration of Human Rights states that everyone has the right to privacy. The interpretation of these rights varies by country and is not always universal. Privacy laws can be broadly classified into: General privacy laws that have an overall bearing on the personal information of individuals and affect the policies that govern many different areas of information. Trespass Negligence Fiduciary APEC created a voluntary Privacy Framework that was adopted by all 21 member economies in 2004 in an attempt to improve general information privacy and the cross-border transfer of information. The Framework consists of nine Privacy Principles that act as minimum standards for privacy protection: Preventing harm, Notice, Collection limitation, Use of personal information, Choice, Integrity of personal information, Security safeguards, Access and correction, and Accountability. In 2011, APEC implemented the APEC Cross Border Privacy Rules System with the goal of balancing "the flow of information and data across borders ... essential to trust and confidence in the online marketplace." The four agreed-upon rules of the System are based upon the APEC Privacy Framework and include self-assessment, compliance review, recognition/acceptance, and dispute resolution and enforcement.
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