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The Challenge of Data Privacy in the Financial Sector: Protecting Information and Building Trust

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Data Privacy in the Financial Sector: Balancing Security and Customer Trust

The Importance of Data Privacy in the Financial Sector

Key Principles of Data Privacy

Data Minimization

Purpose Limitation

Consent Management

Implementing Privacy-Preserving Technologies and Practices

Encryption

Data Masking

Anonymization

Consequences of Data Privacy Breaches for Financial Institutions

Legal Liabilities

Reputational Damage

Loss of Customer Trust

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