Controls are in place to limit the collection and usage of personal information, ensuring compliance with applicable laws and regulations. A compliance risk management system addresses the quality and accuracy of reported consumer data, while policies and procedures adhere to privacy laws for safeguarding customer data. The business area maintains an inventory of where personal information is collected, stored, processed, or managed, and penalties for noncompliance with organizational policies are well-documented. Additionally, documented agreements with external organizations ensure compliance with privacy expectations when transferring data, emphasizing the importance of privacy and data protection measures within the organization.
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