Ethical & Regulatory Compliance Flashcards

What is the primary goal of ethical compliance in data analytics?

Answer: To ensure responsible data collection and privacy protection

The primary goal of ethical compliance in data analytics is to ensure that data is collected, stored, processed, and used responsibly and in accordance with legal and moral standards. This includes safeguarding individual privacy, preventing misuse of data, and maintaining public trust. It's about balancing the benefits of data analysis with the rights and protection of individuals.

Which regulation focuses on protecting personal data in the European Union?

Answer: GDPR

The General Data Protection Regulation (GDPR) is a comprehensive data privacy and security law enacted by the European Union. It imposes strict rules on how personal data of EU citizens is collected, processed, and stored, regardless of where the data processing takes place. GDPR aims to give individuals more control over their personal data and unify data protection laws across Europe.

Why is transparency important in regulatory compliance?

Answer: To build trust by openly sharing data practices

Transparency is paramount in regulatory compliance because it fosters trust between organizations and their customers, regulators, and the public. By openly sharing data practices, privacy policies, and compliance efforts, companies demonstrate accountability and respect for individual rights. This openness helps build confidence and reduces the likelihood of misunderstandings or legal issues.

Which principle is essential for ethical data usage?

Answer: Practicing data minimization

Data minimization is a core principle for ethical data usage, advocating that organizations should only collect and retain the minimum amount of personal data necessary for a specific, legitimate purpose. This practice reduces the risk of data breaches, limits potential misuse, and enhances privacy protection. It ensures that data collection is purposeful and not excessive.

Which law governs healthcare data privacy in the United States?

Answer: HIPAA

The Health Insurance Portability and Accountability Act (HIPAA) is a United States federal law that establishes national standards to protect sensitive patient health information. It mandates strict rules for healthcare providers, health plans, and other entities regarding the privacy and security of protected health information (PHI). HIPAA ensures individuals' medical records are kept confidential and secure.

Why is obtaining informed consent critical in data collection?

Answer: To ensure users understand and agree to data use

Obtaining informed consent is critical in data collection to ensure that individuals fully understand and explicitly agree to how their data will be used. This principle respects individual autonomy and legal rights, making sure users are aware of the purpose, scope, and potential implications of data collection. It builds trust and is a fundamental requirement for ethical and legal data practices.