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Glossary > Privacy > Data Protection > Data Lifecycle Management
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Information Lifecycle Management

Information lifecycle management refers to the process of managing data from its creation to its disposal in a way that ensures data privacy, security, and compliance with regulations throughout its lifespan.

Example #1

An individual provides their personal information to an online shopping website. The website collects, stores, and uses this data responsibly, following proper protocols for data protection and retention until the individual decides to delete their account, at which point the data should be securely disposed of.

Misuse

A misuse of information lifecycle management could involve a company collecting excessive personal data from customers and retaining it indefinitely without a valid reason. This misuse can lead to privacy breaches, unauthorized access, and potential data leaks, putting individuals at risk of identity theft and other forms of fraud. It's crucial to protect against such practices by enforcing data minimization principles, regular audits, and strict data retention policies.

Benefits

One of the benefits of information lifecycle management is enhanced data security. By systematically managing data from creation to deletion, organizations can implement robust security measures, encryption protocols, and access controls at each stage, reducing the risk of data breaches and unauthorized access. For example, regularly purging outdated or unnecessary data minimizes the potential exposure to cyber threats and safeguards sensitive information.

Conclusion

Information lifecycle management plays a vital role in safeguarding individuals' privacy rights and ensuring data protection throughout the data's journey. By adhering to best practices in data management and storage, organizations can foster transparency, accountability, and trust with consumers and employees.

Related Terms

Data PrivacyData ProtectionData SecurityData MinimizationData Retention

Last Modified: 4/30/2024
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