Privacy by design is an approach in technology and systems development that builds privacy and data protection measures into systems and processes from the outset, rather than trying to add privacy protection later. This helps to ensure personal data is protected throughout its lifecycle. Common privacy by design techniques include building systems that only collect and securely store the data they need, and giving users transparency and control over their information and how it is used.
Use case/ examples for privacy by design
Data minimization: Designing systems that collect only essential user information and process that data locally when possible.
Proactive data protection: Integrating privacy safeguards and data protection mechanisms into product architecture for financial systems from the initial design phase, rather than adding them later.
User control: Developing platforms that give customers transparency as well as control over their personal data collection, usage, sharing, and deletion.
