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Glossary › Privacy Risk
What is Privacy Risk ?
Privacy risk evaluates how personal data is collected, stored, processed, and shared. It considers lawful use, consent, data minimization, retention, and vendor safeguards. In TPRM, managing privacy risk ensures vendors comply with privacy laws and protect sensitive data.
FAQs
Is privacy risk only regulatory?
No, it includes ethical and reputational concerns.
Do vendors increase privacy risk?
Yes, especially if handling sensitive data.
Can privacy risk be reduced?
Through strong policies, controls, and oversight.
Responsible-AI TPRM Guide
Discover how risk teams apply AI responsibly to reduce third-party blind spots and stay audit-ready across global regulations.