Mastercard announced it has created the Data Responsibility Imperative for companies to follow in order to better protect customers’ data. The initiative revolves around six principles that focus on data transparency, ensuring "best-in-class" privacy practices are in place and organizations are "deliberate" in how they use information in order to minimize biases and inaccuracies. "In today’s fast-paced digital economy, we’re facing never-before-seen circumstances that test our ethics on a daily basis," said Mastercard Chief Data Officer JoAnn Stonier, CIPM. "We need high data standards that allow us to face these situations head-on, knowing that our practices are sound, consistent and based on treating individuals and their data with decency."
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