What is Privacy Policy?

A privacy policy is defined as a statement or a legal document disclosing everything regarding how a party gathers, discloses, manages, and uses a consumer's data. For example, a website or a web application's privacy policy portrays how the website/application collects, stores, protects, and utilizes personal information provided by customers. The information collected by the organization can be used to identify an individual and can contain name, address, contact number, date of birth, passport number, financial records, ID number, or anything unique to the user.