A Privacy Policy is a document where you disclose what personal data you collect from your website's visitors, how you collect it, how you use it and other important details about your privacy practices including their names, addresses, mobile telephone numbers, email addresses, and so forth.
If your business has an annual turnover of over $3 million, you are legally required to have a Privacy Policy. Furthermore, if you are a small business with an annual turnover of $3 million or less and you meet certain criteria, you will be required to have a Privacy Policy.But there are several laws that require one in some circumstances. Not having a privacy policy when it is required by law is a potential compliance problem that can lead to liability.
In sum, no matter the size of your company, if it collects, shares or uses personal information such as email addresses, names, and/or payment information from its website users, you are required to have a Privacy Policy that explains what your company does with the personal information it collects.The guidelines explained in this article apply to any public documents in which your organization describes its data processing activities to customers and the public.
There is no one comprehensive federal law that governs data privacy in the United States. There's a complex patchwork of sector-specific and medium-specific laws, including laws and regulations that address telecommunications, health information, credit information, financial institutions, and marketing.
