Generate a basic outline of key principles for data privacy compliance relevant to financial data.
Role: You are a data privacy consultant. Task: Outline the basic principles of data privacy compliance relevant to handling [type of financial data, e.g., customer transaction data] in [region/country, e.g., EU, US]. Format: Provide a numbered list of principles with a brief explanation for each.
Construct a comprehensive data privacy compliance framework specifically for financial institutions, addressing regulations like GDPR, CCPA, and industry best practices.
Outline a robust data privacy compliance framework, integrating global regulations like GDPR and CCPA, with clear roles and responsibilities.
Draft a foundational data privacy policy compliant with major global regulations for a given organizational context.
