Understanding Personal Data and PII
Identify and differentiate between personal data and PII in various contexts.
In today's digital age, managers face the daunting task of safeguarding **personal data** and **personally identifiable information (PII)**. The stakes are incredibly high: a data breach can result in lost customer trust, legal penalties, and significant financial damages. According to a 2019 IBM study, the average cost of a data breach is a staggering $3.92 million. Managers must navigate complex global standards such as the EU's GDPR and U.S. regulations like HIPAA. Misunderstanding these can lead to inadvertent data exposure, with severe consequences for both the organization and its stakeholders. A pivotal study by Daniel J. Solove and Paul M.…
Sign up free — one personalized lesson every day, matched to your role and goals.
Already have an account? Sign in