Privacy Policies are desired and required everywhere. And there are numerous reasons for that, varying from moral to legal ones.
1. To build trust.
Being transparent towards your users is possibly the most important moral reason. Providing your clients and customers with a clear picture of why and how you process their personal data makes your clients feel secure.
Last, but not least, those who actually do thoroughly read that key legal document will feel safer, more comfortable, will use your website or mobile app longer and are much likely to refer friends or recommend your product. Therefore, do give your users a peace of mind!
2. It is the law!
Almost all countries around the world have data privacy laws. They require that you protect and process personal information with due care. But we will not bore you with the details.
Just a few examples.
EU data protection laws. The Data Protection Directive (DPD), General Data Protection Regulation (GDPR) and the e-Privacy Directive oblige you to put a “privacy notice”, containing a certain number of elements on your website or mobile app.
And if you do not comply with the laws – the fines are gigantic. Up to € 20,000,000.00. So it is best not to risk being fined.
There are already examples of companies that were heavily find due to issues with their data protection mechanisms, including their Privacy Policies.
3. Because many third parties require it.
A good example is Section 7 of the Google Analytics Terms of Service:
4. To evade costly and expensive legal battles.
There are multiple examples of lawsuits being rolled over questionable Privacy Policies. SnapChat, Delta Airlines and Google are only within the many, which have suffered just due to the fact that they had a few mistakes in their Privacy Policies.
And the EU is now even raising the amount of fines that can be imposed, regardless of where your business is situated!
Whether you own an online website, blog, or mobile app, you should protect yourself from potential such lawsuits and fines.
5. To make more profit and money.
Similarly, by staying on the safe side and providing users with what would make them feel secure and protected, you automatically increase your assets. Research has shown that if you are honest and upfront with visitors, many more of them will do what you want them to do.
6. …To keep what you earn.
Just think about what an $800,000 fine, as the one imposed on the social networking app Path would do to your business and ambitions. You would simply have to shut down, as was the sad case with Path.
7. Because there is too much to risk…
…and you cannot rely on the numerous “free templates” or “copy & paste”.
Free templates and copy-pasting are used by many in order to avoid paying to people who actually know what they are doing.
Free templates may help you get started. But are they actually good enough to protect you against all of the above? We doubt it. You also doubt it.
Let’s be honest. A one-size-fits-all solution in law is more than likely to create a lot of trouble. Especially with the increasing awareness of the need to protect personal data online. Most of the templates that you can find online, describe a general case and would not protect you against claims and fines. And they are unlikely to cover your specific business needs.