the risks : Privacy concerns the ri

the risks : Privacy concerns the rights and obligations of individuals and organizations with respect to the collection, use, retention, disclosure and disposal of personal information.
A breach of privacy from data leaks from mobile technology, data breach in the organization, cyber attack or other causes could result in the unauthorized disclosure of personal information about employees, clients or customers and others.

Risk management : Most states have enacted privacy laws concerning the rights and obligations of individuals and organizations with respect to the collection, use, retention, disclosure and disposal of personal information. Many impose significant and painful penalties for violations for violations such as a breach in client data. To ensure privacy, CPAs in public accounting and business need to know the privacy lawa of their home state as well as those of states or countries where their organizations and their clients and/or customers do business.
Organizations establish privacy policies that address privacy laws and requirements, put privacy safeguards and controls in place, and secure data and systems to minimize the risk of a privacy breach. If there is a breach, an organizations is prepared to quickly detect it and respond.