S directive companies to engage in many trans

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Unformatted text preview: he ability of U.S. Directive companies to engage in many trans-Atlantic transactions transactions “Safe Harbor” Framework Bridges U.S. privacy approaches with the Bridges EU directive. EU Certifying to the safe harbor will assure that Certifying EU organizations know that your company provides "adequate" privacy protection, as defined by the Directive. Benefits small & medium enterprises. Voluntary for U.S. organizations 7 Safe Harbor Rules Safe 1. Notice: Organizations must notify individuals about the purposes for which they collect and use information about them. they 2. Choice: Organizations must give individuals the opportunity to choose (opt out) whether their personal information will be disclosed to a third party or used for a purpose incompatible with the purpose for which it was originally collected or subsequently authorized by the individual. 3. 3. Onward Transfer (Transfers to Third Parties): To disclose information to a third party, organizations must apply the notice and choice principles. 4. 4. Access: Individuals must have access to personal information about them that an organization holds and be able to correct, amend, or delete that information where it is inaccurate, except where the burden or expense of providing access would be disproportionate to the risks to the individual's privacy in the case in question, or where the rights of persons other than the individual would be violated. violated. Safe Harbor Rules Safe 5. Security: Organizations must take reasonable precautions to protect personal information from loss, misuse and unauthorized access, disclosure, alteration and destruction. destruction. 6. Data integrity: Personal information must be relevant for the purposes for which it is to be used. An organization should take reasonable steps to ensure that data is reliable for its intended use, and is accurate, complete, and current. is 7. Enforcement: In order to ensure compliance with the safe harbor principles, there must be (a) readily available and affordable independent recourse mechanisms; (b) procedures for verifying that the commitments companies make to adhere to the safe harbor principles have been implemented; and (c) obligations to remedy problems arising out of a failure to comply wit...
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This note was uploaded on 03/31/2014 for the course ACCOUNTING 1 taught by Professor Salendrez during the Spring '13 term at De La Salle University.

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