Definition
Privacy Risk Management is the systematic process of identifying, assessing, and mitigating risks related to the collection, use, storage, and disclosure of personal information. It involves understanding potential threats and vulnerabilities that could lead to privacy breaches or non-compliance with regulations. This practice ensures that an organization's data handling procedures protect individuals' privacy rights and maintain trust. For instance, a company might implement stricter access controls for sensitive customer data as part of its privacy risk management strategy. It is distinct from general information security risk management by its specific focus on personal data and privacy implications. This concept is crucial for certifications like CompTIA Security+, CySA+, and CISSP, as well as in professional cybersecurity roles.