Over the past few years, organizations have developed various frameworks to measure privacy risks of new projects, products or services. Yet these frameworks, typically called privacy impact assessments or risk management tools, account for only one part of a cost-benefit analysis. In a new Future of Privacy Forum (FPF) whitepaper, Jules Polonetsky, CIPP/US, IAPP VP of Research and Education Omer Tene and the FPF’s Joseph Jerome introduce a new toolbox for weighing big data rewards against privacy risks. The paper includes case studies and graphics and provides a taxonomy of privacy risks and an analytical framework for “data benefit analysis.”
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