Plain English Explanation
This question asks whether your company follows a recognized set of privacy rules and best practices, like GDPR for European data, NIST Privacy Framework for US standards, or ISO 27701 for international privacy management. It's essentially asking: Do you have a structured, proven approach to protecting personal data, or are you making it up as you go? These frameworks provide blueprints for handling personal information responsibly, from collection to deletion.
Business Impact
Following a recognized privacy framework is often the difference between winning and losing enterprise deals. Large customers want assurance that you're not just claiming to protect data—you're following industry-proven methods. Without framework compliance, you'll face longer sales cycles, more security questionnaires, and potential deal-breakers, especially with regulated industries or international customers. GDPR compliance alone opens doors to the entire European market, while framework adoption can reduce insurance premiums and accelerate SOC 2 certification. It transforms privacy from a cost center into a competitive advantage.
Common Pitfalls
Many companies claim to be 'GDPR compliant' without actually implementing the framework's requirements—they add a privacy policy to their website and call it done, missing critical elements like data processing agreements, privacy impact assessments, and data subject rights procedures. Another mistake is choosing a framework that doesn't align with your customer base; implementing NIST when all your customers care about is GDPR wastes resources and still leaves gaps in your compliance story.
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Question Information
- Category
- Privacy Documentation
- Question ID
- PDOC-02
- Version
- 4.1.0
- Importance
- Standard
- Weight
- 5/10
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