Wednesday, April 3, 2013

BUSINESS LAW - Positive impact of Canada's Privacy Legislation on my future retail business.

Positive impact of Canadas privacy Legislation on my future sell business.

Privacy deals with protecting someoneal schooling. Nowadays, a major business challenge consists of maintaining the privacy of any individuals personal information. As business procedures advance, much and more(prenominal) personal information is being collected and used. As a result, the privacy of personal information has become more vulnerable and is a critical concern for organizations, the government, and the public. As of January first 2004, almost all businesses in Canada became a subject to the own(prenominal) education Protection and Electronic Documents Act. This legislation was previously oblige on federally regulated companies such as banks; however, from January initiatory 2004, it applies to all businesses. Moreover, in passing this legislation, the Canadian government has hold that it is very easy for businesses to gather large amounts of personal data on others. A large quantity of personal information is being gathered by businesses, organizations without a valid pauperization to know all of the information they are obtaining. Although, they have a legitimate use for it, the information needs to be safeguarded; hence, it essential be collected with the informed consent of a person and cannot be used for other purposes. The collection process has to be regulated, otherwise, that data can be accessed inappropriately.

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Furthermore, the information can be released to or intercepted by someone without proper authorization, sold to marketers or worse yet, misused by identity thieves. With identity theft, which Canadas Privacy Commissioner has called the fastest-growing crime in North America, and financial or checkup records being accessed inappropriately, consumers fear they have lost all check over over their personal information. To calm those fears and to comply with the Personal Information Protection and Electronic Documents Act, my future retail business pass on establish a privacy program that will continue personal information...

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