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This U.S. National Institute Of Standards & Technology Tool Will Help Optimize The Beneficial Uses Of Online Data While Protecting Individual Privacy

Our data-driven society has a tricky balancing act to perform: building innovative products and services that use personal data while still protecting people’s privacy. To help organizations keep this balance, the National Institute of Standards and Technology (NIST) is offering a new tool for managing privacy risk for web and Application publishers.

The agency has just released Version 1.0 of the NIST Privacy Framework: A Tool for Improving Privacy through Enterprise Risk Management. Developed from a draft version in collaboration with a range of stakeholders, the framework provides a useful set of privacy protection strategies for organizations that wish to improve their approach to using and protecting personal data. The publication also provides clarification about privacy risk management concepts and the relationship between the Privacy Framework and NIST’s Cybersecurity Framework.

“Privacy is more important than ever in today’s digital age,” said Under Secretary of Commerce for Standards and Technology and NIST Director Walter G. Copan. “The strong support the Privacy Framework’s development has already received demonstrates the critical need for tools to help organizations build products and services providing real value while protecting people’s privacy.”

Personal data includes information about specific individuals, such as their addresses or Social Security numbers, that a company might gather and use in the normal course of business. Because this data can be used to identify the people who provide it, an organization must frequently take action to ensure it is not misused in a way that could embarrass, endanger or compromise the customers.

The NIST Privacy Framework is not a law or regulation, but rather a voluntary tool that can help organizations manage privacy risk arising from their products and services, as well as demonstrate compliance with laws that may affect them, such as the California Consumer Privacy Act and the European Union’s General Data Protection Regulation. It helps organizations